SUBSCRIBERS
Strong sales lift Yongmao's Q4, full-year earnings
Add BT as a preferred sourcePublished Mon, May 26, 2014 · 10:00 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
TOWER CRANE manufacturer Yongmao Holdings posted a surge in fourth-quarter and full-year earnings as strong demand lifted sales in its various geographic segments.
The three months ended March 31 recorded a net profit of 11 million yuan ($2.2 million), almost double that of 5.7 million yuan for the year-ago period. This was on the back of a 68.8 per cent jump in revenue to 220.5 million yuan.
Earnings per share were 2.48 fen, up from 1.27 fen a year ago.
Copyright SPH Media. All rights reserved.
