Yingde Gases Group has revealed another solid year of growth, declaring its final group financial results for the year ended 31st December 2011.
Group turnover rose 41% over its 2010 level to RMB 4.240bn, while profit attributable to equity shareholders of the company in 2011 was RMB 831m, an increase of 44.0% from 2010.
Yingde Gases notes that the group’s turnover consists of proceeds from the sale of industrial gas products and the increase in this turnover in 2011 is largely attributable to its Inner Mongolia project which commenced operation in the fourth quarter of 2010 operating in full in 2011, and eight other new production facilities that commenced operation in 2011.
Capital expenditure, which principally comprises expenditures for the construction of new production facilities and purchase of property, plant and equipment, totalled RMB 2.178bn in 2011 (2010: RMB 1.930bn).
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