TMB Net Profit Up 32% for The First Half of 2007

Resource from: Sally-CBCC Likes:2920

Jul 25,2007

TMB Net Profit Up 32% for The First Half of 2007 TMB (Zhejiang Tianma Bearing Co., Ltd) reported record profit for the first half of 2007. Operating income hit RMB 603 Million, an increase of 39.71% when compared with the same period of 2006. Operating profit totaled RMB 138 Million, rising 36.86%. Net profit was RMB 111 Million, 31.91% higher than last year. TMB said the increase of operating income and net profit were mainly attributable to the product and market structure adjustment. Besides expanding the existing market, they have made good achievements for enlarging foreign market share. They will continue to innovate bearings for high-tech application to increase their global competitiveness, especially wind power bearings and large precise bearings. The net profit for the first three quarters of 2007 is expected to increase 30%-45% from previous year. The net profit in the same period of 2006 was RMB 135 Million.

(Sally-CBCC)

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