China Ceramics Reports Higher Sales, Income

Jinjiang, China, March 7, 2012 -- China Ceramics Co. reported fourth quarter revenue of $63.8 million, up 48.1% from the fourth quarter of 2010.

Net profit was $14.5 million, up 52.4% from the fourth quarter of 2010.

On a quarter-to-quarter sequential basis, revenue was down 0.6% and net profit was up 21.5%, the company said.

For the full year, revenue was $231.4 million, up 39.6% as compared to full year 2010 and net income was $45.7 million, up 30.6% over 2010.