China Specialty Glass AG reported earnings results for the first six months of the fiscal 2012. For the six months, the company's revenues increased by 39.4% to EUR 48.4 million compared to EUR 34.7 million for the same period a year ago. This result was mainly driven by strong sales in the second quarter 2012 with a plus of 65.2% compared to the previous year. The company achieved rising sales in all operating segments. Revenues of construction glass showed the strongest growth and improved by 93.2% to EUR 8.5 million. The sales in the three operating segments of CSG was accompanied by an increase in gross profit of 45.0% from EUR 16.0 million in the first half year 2011 to EUR 23.2 million in the same period 2012. Especially due to one-off costs in connection with a new bank loan, net profit decreased slightly by 4.2% from EUR 10.9 million in first six months of 2011 to EUR 10.4 million in first six months of 2012.

The company provided earnings guidance for the full year 2012. For the year, the company announced that despite the delay in the construction of the new production plant, the company confirmed the full year revenue expects to approximately EUR 100 million based on the sales in the second quarter of 2012. Net profit margin for 2012 is expected to reach approximately 25%. This mainly results from the one-off costs in connection with the new bank loan. The previous net profit margin guidance was a 30%.