China Ceramics Co. Ltd. (CCLTF.OB) Reports Solid Q1 2010 Results
China Ceramics Co. Ltd., a leading Chinese manufacturer of ceramic tiles for exterior siding and interior flooring and design for residential and commercial buildings, today posted its first quarter financial results for three months ended March 31, 2010. Revenue for the first quarter of 2010 increased by 34.8 percent to RMB 229.1 million (US$ 33.5 million) compared to the first quarter ended March 31, 2009. The company attributes the improvement to a 26.3 percent increase in volume and a 6.6 percent increase in average selling price driven by higher sales volume. Gross profit was RMB 69.3 million (US$ 10.1 million),…