News Column

Guangxi Liugong Machinery H1 Net down 38.65%

August 29, 2014

SHANGHAI, August 29, SinoCast -- Guangxi Liugong Machinery posts that it made CNY 160 million net profits in the first half, down 38.65% year on year; it achieved CNY 0.14 earnings per share,

The company gained CNY 5.65 billion incomes, down 14.93%.

The industry was weak in the first half, and demands further declined in the second quarter. The incomes represented merely 40.5% of full-year target.

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Source: Sinocast Machinery & Industrial Goods Beat (China)

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