China Ceramics Reports Higher Quarterly Sales
Jinjiang, China, Nov. 13, 2013 -- China Ceramics Co. reported third quarter revenue of $ 55.3 million, up 53.0% from the second quarter.
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Net profit was $700,000, down from $1.5 million a year ago.
Plant utilization was 69% as compared to 49% in the second quarter of 2013 and 67% in the third quarter of 2012.
The company said the sales increase was driven by a 50% sequential rise in the sales volume of ceramic tiles as well as a moderate increase in average selling price.