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Battery Producer Fengfan Sees 2014 Profit Up 22.48% after Ramping up Auto Battery Sales Efforts

Release time:2015-01-21

Jan 21, 2015 02:16 GMT   Source:SMM

 

SHANGHAI, Jan. 21 (SMM) – Chinese battery producer Fengfan Co. registered a 20.53% year-on-year rise in 2014’s profit due to higher battery sales, according to its annual financial report. Fengfan made a net profit of 142.5 million yuan ($23.2 million) last year, as its battery sales grew sharply after it stepped up efforts in auto ignition battery marketing, the company said in the report. The company’s operating income increase......

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