China Ceramics Revenue Well Below 2012
Jinjiang, China, Aug. 12, 2013 -- China Ceramics Co. reported second quarter net income of $ 1.5 million.
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The firm reported revenues of $36 million. That was an increase of 49.2% from $24.0 million for the first quarter but down 49.5% from $69.5 million for the second quarter last year.
"The second quarter saw improved sales volume of our ceramic tiles and a rising average selling price relative to the first quarter which resulted in stronger sequential revenue and net earnings," said CEO Jiadong Huang.
However, business activity is still significantly slower relative to the year-ago comparable quarter. For the remainder of 2013, we see room for a further return to the more normalized market environment of a year ago."