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China recovery boosts cranemaker Yongmao's Q2

AMID signs of a recovery in China's infrastructure demand, China-based crane maker Yongmao Holdings reported a net profit of 14.9 million yuan (S$3 million) for its second quarter ended Sept 30, 2013, up 76.4 per cent from 8.4 million yuan a year ago.

The results were due to higher sales...