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CEFC Anhui International’s rubber trade surges

CEFC Anhui International Holdings Co., Ltd. released Aug. 23 the interim report for 2017.

During the reporting period, the company’s operating revenue totaled 8.94 billion yuan, up 69.47% over the same period last year; and the net profit was 239 million yuan, surging 125.34%.

CEFC Anhui International attributed the continuous growth in business performance to effective implementation of businesses related to energy and finance, and the fruits of resources integration have borne.

Moreover, rubber trade became a new driving force.

The company developed rubber business during the reporting period, with additional rubber trade revenue of 240 million yuan, accounting for 26.85% of its total turnover.

It predicts the net profit to be gain in the first nine months of this year will be between 313 million and 397 million yuan, up 47.69% to 87.52%.

Tireworld