China’s Mingtai Aluminum posts y-o-y growth in 2019 operating revenue
Mingtai Aluminum, a leading manufacturer of aluminum products in China, reported its operating revenue of RMB 14.2 billion in 2019, increasing by 6.2% compared to last year. The firm’s net profit attributable to parent was RMB 920 million, a year-on-year increase of 85%, with a growth rate hitting a 4-year high. The earning per share (EPS) was RMB 1.52.
In the first quarter of this year, Mingtai Aluminum posted its operating revenue of RMB 3.04 billion, dropping by 10.8% from the same period a year ago. The net profit attributable to parent was RMB 120 million, a year-on-year reduction of 15.2%.
