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Zhejiang China Commodities City Trading: profit rise
(Xinhua)
Updated: 2010-01-28 13:44
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Zhejiang China Commodities City Trading Co, China's biggest wholesale firm, on Thursday forecast its net profits in 2009 would increase 50 percent from the previous year.
The launch of a new wholesale center in Yiwu City, Zhejiang province in October 2008 contributed significantly to the profit growth last year, the company said in a statement to the Shanghai Stock Exchange Thursday before trading hours.
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Share price of the company opened at 43.5 yuan ($6.37) per share on Thursday, up 0.37 percent from the previous closing.
