TC

22/10/2019 17:38

Da Ming Int'l (01090) 9-mth net profit up 4.3% at RMB196.6m

   Da Ming International Holdings Limited (01090) said the total sales volume and processing volume of the stainless steel processing services of the group for the period from 1 July 2019 to 30 September 2019 amounted to 473,210 tonnes and 679,006 tonnes respectively, representing a decrease of approximately 3.1% and 3.8% respectively as compared with the same period last year.
  The total sales volume and processing volume of the carbon steel processing services of the group for the period from 1 July 2019 to 30 September 2019 amounted to 745,237 tonnes and 800,823 tonnes respectively, representing an increase of approximately 37.2% and 47.5% respectively as compared with the same period last year.
  Revenue from the manufacturing business amounted to approximately RMB313.2 million for the three months ended 30 September 2019, representing an increase of approximately 31.0% as compared with the same period last year.
  The group recorded an unaudited net profit of approximately RMB205.0 million for the nine months ended 30 September 2019. Comparing with a net profit of approximately RMB196.6 million for the nine months ended 30 September 2018, the net profit increased approximately 4.3% mainly due to the improvement in operating efficiency and relatively stable market price of stainless steel and carbon steel raw material during the period.

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