Like-for-like sales volume at the lubes producer rise 31.7% between August and February.
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China Rerun Chemical Group, which producers industrial, automotive and agricultural grade lubricants, saw revenues surge 34.4% to 164.7m and pre-tax profits rise 68% to 32.7m in the six months to the end of February.
According to Executive Chairman Xinghe Wu strong demand for high quality lubricants has helped fuel growth.
“China Rerun has delivered a strong set of results in the first half of the financial year and the board is confident that the results for the full year ended 31st August 2014 will remain in line with its expectations”, said Wu in a recent briefing.
The Chairman reiterated the company’s commitment to research and development and also stressed the importance of developing its sales and marketing networks.
China Rerun listed on London’s AIM stock exchange earlier on this year, which Wu believes has provided a “platform for organic growth” and a strong financial base. Wu also claimed the producer is seeking out acquisition opportunities within China’s “highly fragmented domestic market”.