Hainan Rubber Q3 revenues grow 51 pct y-o-y

Hainan Rubber Group reported operational revenues of 3.318 billion yuan in the third quarter of 2017, up 51.5 percent from a year earlier.

In January-September, the company gained total revenues of 8.777 billion yuan, up 47.93 percent year on year, and net profits of 14 milli,on yuan, down 2.77 percent from the same period of last year.

Hainan Rubber attributed the higher revenues to increased sales.

Costs in Q1-Q3 surged 48.66 percent to 8.378 billion yuan, due to rising rubber prices.