Xinyi Glass announces 2010 interim results

Leading integrated float glass, automobile glass, construction glass and photovoltaic glass manufacturer Xinyi Glass Holdings Ltd. [China] announced today its interim results for the six months ended 30 June 2010.

With the recovery of the global economy, the group’s turnover was approximately HK$2,648.7 million, up by approximately 62.7 percent as compared to the same period last year. The overall gross profit margin also increased to 39.0 percent from 33.9 percent in the last corresponding period. Profit attributable to equity holders surged 1.85 times to HK$641.8 million. Earnings per share were 18.1 HK cents (2009: 6.5 cents), according to an Aug. 2 TodayIR report.