You are here

Yongmao posts six-fold rise in Q3 net profit

Higher-margin luffing cranes push earnings to 12.4 million yuan

CHINA-BASED crane maker Yongmao Holdings has reported a net profit of 12.4 million yuan (S$2.6 million) for its third quarter ended Dec 31, 2013 - almost six times the 2.1 million yuan it made a year ago. This was due to higher sales of higher-margin luffing tower cranes in China and the wider

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom