Rising costs send HTL profits down
31/08/2011
However, it recorded a decline of 87.1% in net profit to just over $830 million, owing to rising input costs and foreign exchange conditions, the company said.
All plants, with the exception of a new plant the company has set up at Huaiyin in eastern China, have continued to operate at close to full capacity since March 2011 to meet increased order demand, it continued. Another highlight was a strong increase in sales in North America.
Share this story:
