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Tianneng Group

Director quits on day Tianneng announces $206m fall in gross profits

Thu, 04/02/2015 - 14:30 -- Paul Crompton
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Director quits on day Tianneng announces $206m fall in gross profits
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Chinese lead-acid battery producer and recycler Tianneng Group has reported a 10% decrease in its gross profit margin for 2014.

Despite revenue increasing by 3% to RMB14,043m ($2,291m) the company announced a decrease in gross profits of RMB1,263 ($206m)

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