Ningxia Building Materials Group nine-month net profit up 35%

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Updated Fri, 24 Oct 2014 15:01:37 GMT

Ningxia Building Materials Group said last Monday its profit attributable to owners for the nine months ending in September increased to 278 billion yuan, a YoY increase of 35.20%. Basic earnings per share was 0.58 yuan, up by 34.88% compared to the same period of last year. Ningxia Building Materials'share on October 13 fell by 0.43 percent to 9.18 yuan.

The company said that the increase is mainly due to a YoY decline in coal purchase price and the increase of government subsidies along with reducemnt of finance charges than last nine months.