Fuyao Glass Industry Group: Revenue up 2.44% but net profit down 17.37% on exchange losses; 65.73% payout dividend
Fuyao Glass Industry Group Co., Ltd. reported revenue up 2.44% year over year to RMB21.97 billion, while net profit fell 17.37% to RMB3.97 billion, citing significant exchange losses. The company said it increased its high value-added product mix and declared an interim dividend with a 65.73% payout ratio.
