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    Minfa’s Net Profit was 17,830,000 Yuan in H1 Down 24% yoy

  • China Aluminium Network
  • Post Time: 2014/8/28
  • Click Amount: 415



    (China Aluminum Network) Minfa Aluminum’s net profit was 17,832,500 Yuan in H1 2014, decreased 23.67% yoy, earnings of per share was 0.1 Yuan.


    From January to June, Minfa Aluminum earned 0.531 billion Yuan up 6.91% yoy.


    The company stated owing to the regulate and control in real estate, aluminum profile industry was over capacity, market competition increasing and foreign anti-dumping intensified domestic market competition which narrowed the profits of aluminum profiles industry further. With the up and running of investment projects, expanding of the company increased administration expense, depreciation and cost; and the rise of labor cost also add to the company’s operating cost.


    Source: www.alu.com.cn
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