China Specialty Glass AG Announces Group Earnings Results for the First Half of 2013; Confirms Earnings Guidance for the Full Year 2013
CSG confirmed its earnings guidance for the full year 2013 published in the first quarterly report 2013. Given the growth opportunities for CSG Group and its market leading position in China, the management still expects revenues to increase by around 40% and net profit to grow at the same pace compared to 2012. Following its growth strategy, CSG plans to further increase its product sales by the expansion of its sales network in China and abroad. The enhanced production capacity that is needed will be achieved through the new laminated and thermal pre-stressed glass production lines in Sichuan Province as well as by the expansion of the existing production plant in Guangzhou.