News Column

Nanfang Bearing Q1-3 Net Rise Estimated at 40-60%

July 18, 2014

CHANGZHOU, July 18, SinoCast -- Jiangsu Nanfang Bearing (SZSE: 002553) reaped net profit attributable to shareholders of about CNY 34.46 million in the first half of 2014, up 52.425 from a year ago driven by increased sales revenue of major products and jumped yields from wealth management products. Basic EPS was CNY 0.1981. Aggregate operating revenue rose 14.41% to CNY 150 million. Major business revenue jumped 14.59% to CNY 149 million.

It expected a yearly net profit rise of 40-60% in the first three quarters of this year.

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Source: Sinocast Machinery & Industrial Goods Beat (China)

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