Qingdao Copton Technology Co., a Qingdao, Shandong province-based blender, increased net profit by 28 percent and revenue by nearly 24 percent in the first half of the year. The firm will open its research and development center and ramp up production to capacity in the second half.
In its semi-annual report, Copton reported netting 75.4 million (U.S. $11.3 million) in its first half. Its gross profit was up 45 percent from the year before to 101 million. Total revenue increased 24 percent to 487 million.
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