Zibao's margins fall despite rising sales
StockMarketWire.com - Zibao Metals Recycling has responded to the recent movement in its share price by confirming a substantial increase in turnover for the year to 31 March 2017.
However, the Company advised that this was offset by falling margins.
Zibao added: "Overall there has been an increase in profits as result of cuts in overheads albeit somewhat offset by an overall reduction in gross profits. Trading conditions remain weak."
At 1:12pm: (LON:ZBO) Zibao Metals Recycling Holdings Plc share price was +1.75p at 3.63p
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