Sanlux Releases 2011 Annual Results Report

On February 27, Zhejiang Sanlux Rubber Co., Ltd. released its 2011 annual report. In 2011, the company realized an operating profit of 48,930,900 yuan, a total profit of 50,526,600 yuan, and a net profit of 44,455,400 yuan, a decrease of 28.93%, 28.91%, and 27.83% respectively over last year.

The decrease in operating results for 2011 compared with the same period of the previous year was mainly due to the substantial year-on-year increase in raw material prices and the increase in labor costs.

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