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China gloom outweighs overseas sales pick-up at Yongmao

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Published Wed, Nov 12, 2014 · 09:50 PM

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Yongmao Holdings

Singapore

OVERSEAS growth was not enough to stem a sharp slide in the domestic Chinese market of crane-maker Yongmao Holdings.

The company reported a net profit of 12.4 million yuan (S$2.6 million) for its second quarter ended Sept 30, 2014, down 16.3 per cent from 14.9 million yuan a year ago.

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