Double Coin 2013 Operating Revenue Up 18%

Double Coin Holdings has posted operating revenue of about CNY 14.33 billion for 2013, up 18.4% from the previous year. The company attributed the increase to expanded production of tires at its Anhui branch, as well as products and increased trades of other subsidiaries.

Net profit attributable to shareholders rose by 4.6% to CNY 306 million. Earnings per share was CNY 0.344.

Double Coin said it projects sales of 7 million steel-belted tires in 2014, with sales revenue climbing 10% from a year ago.