to-the-point Leshan Electric’s profits grow 18% in Q1 2015
Apr 22, 2015 11:23 CEST
April 22 – Chinese polysilicon and power producer Leshan Electric Power Co (SHA:600644) saw its attributable net profit for the first quarter of 2015 grow by 18.09% year-on-year to CNY 12.5 million (USD 2m/EUR 1.9m).
According to its first-quarter financial statement on the Shanghai Stock Exchange (http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2015-04-17/600644_2015_1.pdf), the company has turned to a net cash outflow from operating activities of CNY 36.2 million from a CNY-20.8-million positive flow in the corresponding period of 2014.
In the meantime, its January-March revenues dropped by 2.96% on the year to CNY 337.8 million.
(CNY 1.0 = USD 0.161/EUR 0.150)
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