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Puyang Refractories ups H1 profits but warns of more disruptions

By Albert Li
Published: Wednesday, 16 August 2017

The refractory products maker saw higher revenue and profits in the first half of the year, but warned that volatility in magnesia prices and supply can lead to further disruptions.

Puyang Refractories Group, one of the largest refractory companies in China, announced in its H1 results that net profit increased 12% year-on-year (y-o-y) to Chinese renminbi (Rmb) 56m ($8.38m), while revenues rose 7% to Rmb 1.23bn.

Shaped refractory products accounted for 36% of total revenues, followed by functional...

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