China’s leading air separation plant (ASU) manufacturer and industrial gas company Hangzhou Hangyang Co. Ltd has announced its interim results for 2015 – and a welcome return to profitability.
While profit plummeted by more than 40% in 2014 (over 2013), net profit attributable to the shareholders of the listed company showed a substantial rebound of 33.5%
This saw net profit grow from RMB 45.9m (approx. $7.4m) in the first half of 2014 to RMB 69.3m ($11.1m) in the first six months of 2015.
What is considered more impressive, gasworld understands, is that after deducting the non-recurring loss and profit in the period, the increase in net profit attributable to the shareholders of the listed company is a remarkable 1,126%.
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