Zhong­wang Hold­ings gains from over­seas ex­pan­sion

China Daily (Canada) - - BUSINESS -

China Zhong­wang Hold­ings Ltd, the world’s sec­ond-largest in­dus­trial alu­minum ex­tru­sion prod­uct de­vel­oper and man­u­fac­turer, had a net profit in­crease of 24.0 per­cent year-on-year to around 1.95 bil­lion yuan ($320 mil­lion) for the first nine months, the company said on Thurs­day. Rev­enue in­creased 12.6 per­cent year-on-year to around 12.31 bil­lion yuan for the first three quarters. Lu Changqing, vice-pres­i­dent of the company, said the growth was par­tially from the company’s over­seas ex­pan­sion and deep-pro­cessed prod­ucts.

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