For the aluminium alloy extruded products division, revenue grew by 6% to RMB320.8 million, which represented contributions of approximately 80.5% of total revenue as compared to 99.8% for the same quarter a year ago.
SINGAPORE (May 12): Midas Holdings has announced earnings of RMB28.7 million ($5.8 million) for the first quarter ended March 31, nearly three times up from the RMB10 million posted in the same quarter a year ago on a surge in revenue.
Revenue for the quarter grew 31.3% to RMB398.4 million from RMB303.5 million a year ago, largely due to the inclusion of aluminium alloy stretched plates division’s revenue of approximately RMB76.6 million over the quarter.
