China Specialty Glass AG Reports Earnings Results for the Year 2012; Provides Earnings Guidance for the Year 2013
The company provided earnings guidance for the year 2013. For the year, the company intends to further increase its product sales by the expansion of its sales network in China and abroad. The required enhanced production capacity will be achieved through the new laminated and thermal pre-stressed glass production line in Sichuan Province, which will be fully put into operation in 2013 and also by the expansion of the existing production plant in Guangzhou. Given the growth opportunities for the company and its market position in China, the company expects to increase its revenues by around 40% in 2013. Net profit is expected to grow at the same pace.