China Specialty Glass AG reported earnings results for the first nine months 2012. For the period, the company's revenues grew by 44.8% to EUR 80.2 million compared to the same period last year. The reason for this significant revenue growth was the strong sales especially in the third quarter of 2012. The main growth driver was the construction glass segment, which went up by 97.4% to EUR 15.2 million in the first nine months 2012. Net profit grew by 54.6% to EUR 18.9 million compared to EUR 12.2 million a year ago. This development was mainly due the increased gross profit, but partially offset by increased finance costs.

The company reported strong sales in the third quarter of 2012, achieving a plus of 53.8% year-on-year.

Seeing the strong sales in the first nine months of this year, the company confirms the revenue target of approximately EUR 100.0 million and its target to reach a net profit margin of 25.0% for the full year 2012.