27 December 2007 06:23 [Source: ICIS news]
The company signed a natural gas contract with its supplier for 2008 which were based on higher prices set by the government, it said in a statement to the Shenzhen stock exchange.
Sichuan Meifeng said it would raise its output, improve on its management and lower energy consumption to offset the higher cost.
The company’s costs in 2006 reached CNY971.9m while its sales and operating profit were at CNY1.4bn and CNY281.8m respectively.
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