China Ceramics Swings to Profit in First Quarter

Jinjiang, China, June 5, 2015 -- China Ceramics Co. reported net first quarter profit of $400,000 compared to a net loss a year ago of $400,000.

The firm reported revenue of $33.8 million, up 0.5% from the first quarter of 2014.

"We reported positive cash flow for the first quarter of 2015 amid challenging conditions in China's real estate and construction sectors," said CEO Jiadong Huang.

While our top line was virtually even with the year-ago quarter, continued market acceptance of our product pricing and improved cost efficiencies led to a 49% increase in our gross profit.  However, our lower sales volume and operating expenses constrained our profitability in the quarter."