News Column

Shanghai Mechanical & Electrical H1 Net Predicted to up 60%

July 18, 2014

SHANGHAI, July 18, SinoCast -- Shanghai Mechanical & Electrical Industry predicts that its net profits attributable to shareholders would go up about 60% year on year in the first half of the year. The company made CNY 284.17 million net profits and CNY 0.28 earnings per share in the period last year.

The company shows that GOSS INTERNATIONAL FRANCE SAS, a unit, restructured in the first half of 2013, which led to meager profits then; the company's elevator business continued stable growth in the first half of 2014.

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Source: Sinocast Machinery & Industrial Goods Beat (China)

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