MIDAS ACHIEVES NET PROFIT OF RMB16.4 MILLION FOR 3Q2013
- Revenue up 48.5% to RMB301.0 million on higher contributions from the Aluminium Alloy Extruded Products Division
- Bottomline lifted by RMB10.9 million in contributions from NPRT
For the nine months ended September 30, 2013 (“9M2013”), Midas’ Net Profit leaped 145.6% to RMB26.4 million, on the back of a 20.6% increase in revenue to RMB787.5 million
The Group’s balance sheet remains healthy, with cash and cash equivalents strengthened by RMB337.0 million to RMB884.0 million as at September 30, 2013, from RMB547.0 million as at December 31, 2012.
