By Justina Lee
China National Building Material Co. said net profit for the nine months ended September rose 17% from a year earlier, helped by higher operating income.
Net profit was CNY13.57 billion ($2.12 billion), while operating income rose to CNY197.18 billion from CNY181.80 billion, the company said late Friday.
Total operating costs rose to CNY172.82 billion, partly due to higher R&D expenses.
Write to Justina Lee at justina.lee@wsj.com
(END) Dow Jones Newswires
10-31-21 2048ET