The largest air separation plant manufacturer in China, Hangzhou Hangyang, has released its financial results for third quarter 2014, seeing a slight rise in operating income but a significant fall in total profit.
Compared with the same period last year (2013), operating income increased by 7.72% to RMB 1.592bn (approx. $265m). Total operating income for the year at the end of the third quarter was RMB 4.196bn, up 7.49% against the same period of 2013.
Net profit attributable to shareholders of the listed company, however, fell 23.51% compared with the same period last year. Total net profit attributable to shareholders at the end of the third quarter (Q3) plunged 51.8% when compared with same period last year.
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