Written by The Edge
Full Apex Holdings says group revenue increased by 145.6% to RMB669.3 million ($133.7 million) from RMB272.5 million due mainly to a significant increase in sales contribution from the PET resin business.
Overall gross profit margin decreased from 11.6% to 10.1% due mainly to the increase in sales contribution from the PET resin business which carries a lower margin. The PET chips production is running at full capacity.
As a result, profit before income tax increased by 282.1% or RMB35.3 million from RMB12.5 million to RMB47.8 million. Profit after tax increased by 415.5% or RMB34.6 million from RMB8.4 million to RMB43.0 million.
Net profit attributable to the owners of the company increased by 380.9% to RMB42.7 million from RMB8.9 million.
Dividend : None
