China Ceramics (CCCL) Posts Q2 2016 Financial Results
China Ceramics (NASDAQ: CCCL) this morning posted its Q2 financial results, with revenues impacted by broader market conditions. The Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings reported revenue of US$31.1 million, down 20.6% from the second quarter of 2015. Net profit was US$3.5 million, up 22.4% from Q2 2015. Earnings per share on a basic and fully diluted basis were US$1.30 and US$1.18 respectively. EBITDA was US$4.9 million, down 27.1% from Q2 2015. "For the second quarter of 2016, we experienced challenging market conditions due to the…







