Kaimeite Gases sees profits fall in 2014 results


Emerging Chinese industrial gas company Kaimeite Gases has released its 2014 full-year results.

Operating revenue increased from RMB 232.4m ($37.3m approx.) in 2013 to RMB 261.8m ($42m approx.) last year, an increase of 12.6%.

However, operating profit dropped 39% from RMB 54.6m in 2013 to RMB 33.3m ($5.3m approx.) in 2014. Gross profit also fell 31% from RMB 70.61m in 2013 to RMB 48.6m ($7.8m approx.) in 2014.

Consequently, profit attributable to shareholders also dropped 19% from RMB 58.8m in 2013 to RMB 47.6m in 2014.

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