Daye Group's net up during Q1'-Q'3

Recently, Shandong Daye Co.,Ltd announced that the company was predicted to reach 171 million yuan of net profit belonging to shareholders in the first three quarters, year-on-year increasing 58.48%. After non-recurring gains and losses,  its net profit would be 144 million yuan, yearly increasing 47.6%.

The company said its bead wire, steel cord, hose wire production and sales both grew largely in the past nine months.

In the first half year, Daye Co.,Ltd. announced 101 million yuan of net profit belonging to shareholders. In the third quarter, the company was predicted to profit 70 million yuan.