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Article: Increased profit margin in coke boosts Changchun Gas 1H profits.
- Article from:
- China Business News
- Article date:
- July 25, 2003
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Increased profit margin in coke boosts Changchun Gas 1H profits
Shanghai July 25. INTERFAX-CHINA - Shanghai-listed Changchun Gas Co. Ltd. claimed the gross profit margin in metallurgical coke production jumped more than four fold in the first six months of this year. As a result, the company's operating profit and net profit in the period were boosted by a respective 49.08% and 59.25% year-on-year.
Changchun Gas is the only metallurgical coke and coal tar producer in Changchun. 225,000 tons of coke and 10,000 tons of tar were produced by the company in the first half.
However, the company's profit margins in piped gas sales and piped gas ...