China Ceramics Announces First Half 2019 Financial Results

Jinjiang, China -- China Ceramics Co., Ltd. announced its financial results for the six months ending June 30, 2019.

Revenue for the six months ended June 30, 2019 was ¥177.4 million ($26.2 million), as compared to ¥355.6 million ($55.9 million) for the same period of 2018. The 50.1% year-over-year decrease in revenue was due to the 48.0% decrease in sales volume to 6.6 million square meters of ceramic tiles for the period compared to 12.7 million square meters of ceramic tiles for the same period of 2018.