China Ceramics (CCLTF.OB) Posts Solid Q4, FY Results, Notes Significant 2010 Developments
China Ceramics Co. Ltd., formerly China Holdings Acquisition Corp., is a leading manufacturer of ceramic tiles in China. The company recently posted its preliminary unaudited financial results for the fourth quarter and year ended December 31, 2009, reporting strong results across the board. Net revenue for the fourth quarter was RMB 231.5 million (US$ 33.9 million), up 25.3 percent from the fourth quarter of 2008; gross profit was RMB 83.4 million (US$ 12.2 million), up 57.3 percent from the fourth quarter of 2008; gross profit margin was 36.0 percent compared to 28.7 percent in the fourth quarter of 2008; Full…