Xin Point Holdings Limited Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
March 12, 2018 at 08:31 am EDT
Xin Point Holdings Limited reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of RMB 1,877,155,000 compared to RMB 1,540,666,000 a year ago. Profit before tax was RMB 510,128,000 compared to RMB 411,428,000 a year ago. Profit for the year was RMB 391,270,000 compared to RMB 298,341,000 a year ago. Profit attributable to owners of the company increased by approximately 31.2% to approximately RMB 391.3 million or 44 cents per basic and diluted share compared to RMB 298.3 million or 40 cents per basic and diluted share a year ago. Capital expenditure increased by approximately 39.1% to approximately RMB 246.0 million compared to RMB 176.8 million a year ago. The group's revenue increased by approximately 21.8% as a result of increased sales of automotive decorative components.