Asia
Zhongce Rubber's Q1 Profit Rises 6%, Revenue Climbs 5%
Zhongce Rubber Group's (SHA:603049) net profit attributable to shareholders in the first quarter rose 5.9% to 1.22 billion yuan from 1.15 billion yuan a year earlier, according to a Tuesday disclosure on the Shanghai bourse.Earnings per share fell 4.8% year on year to 1.39 yuan from 1.46 yuan.Operating revenue climbed 5.2% to 11.2 billion yuan from 10.6 billion yuan in the preceding year.Revenue from the sales of tires rose 3.6% year on year to 9.65 billion yuan, but revenue from the sales of bicycle and motorcycle tires slipped 0.8% to 1.01 billion yuan.The automotive tire manufacturer's tire sales jumped 4.9% to 27.8 million units and bike and motorcycle tire sales fell 7.6% to 29.1 million units from the prior year.
SHA:603049
