Suzhou Institute of Building Science Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 22, 2020 at 01:37 pm IST
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Suzhou Institute of Building Science Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 493.425 million compared to CNY 396.687 million a year ago. Operating income was CNY 67.423 million compared to CNY 44.056 million a year ago. Net income was CNY 52.447 million compared to CNY 35.997 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to CNY 0.13 a year ago.
Suzhou Institute of Building Science Group Co., Ltd. is a China-based company principally involved in the provision of engineering technology services, sales and manufacturing of new building materials. The Company operates through two main segments. The Engineering Technology Services segment is mainly engaged in engineering inspection, insulation, waterproofing, reinforcement and other engineering professional construction, engineering design, engineering supervision and other technical services. The New Building Materials segment is primarily involved in manufacturing and sales of building materials, such as waterproofing membrane, waterproof coating, concrete admixture, insulation materials and building structural plastic.