Rapidly growing Chinese industrial gases company Yingde Gases Group has declared its financial results for the year ended 31st December 2013, with significant rises seen in both turnover and profit.
Group turnover in 2013 (RMB 6.866bn; $1.103bn) rose 38.5% over 2012, while profit attributable to equity shareholders of RMB 908m ($146m approx.) in 2013 represented an increase of 17.9% from 2012.
The increase in turnover is mainly attributable to the commencement of 16 on-site facilities during the year and the full ramp-up of facilities that commenced operation in 2012, as well as benefiting from the growth in merchant volume.
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