China Ceramics Reports Higher Quarterly Profit

Jinjiang, China, May 11, 2011 -- China Ceramics Co. reported first quarter net profit of $ 8.2 million, up 19.2% from the first quarter of 2010.

Revenues were $46.8 million, up 34.4% from the first quarter of 2010.

The year-over-year increase in revenue was primarily driven by a 29.5% increase in sales volume to 11.4 million square meters, the company said.

The growth in volume was primarily due to increased production capacity at both the Jinjiang Plant and the Gaoan Plant, both of which operate at full capacity.