TMB Announced RMB 219 million in Net Profit in H1 2008

Resource from: CBCC Likes:2922

Sep 05,2008

TMB Announced RMB 219 million in Net Profit in H1 2008 Zhejiang Tianma Bearing Co., Ltd.(TMB) has announced that the company achieved RMB 1545 million in operation profits during the first half of 2008, an increase of 156％ year-on-year. The company reported EPS was RMB 0.81 and net profit reached RMB 219 million, a 98％ increase compared to the corresponding period of 2007. According to the report, the good achievements mainly attributed to: 1. Sustainable and steady development of its original business 2. The acquisition of Qiqihar Heavy CNC Equipment Corporation Limited 3. Great benefit from wind power bearing business Founded in 1987, Zhejiang Tianma Bearing Co., Ltd.(TMB) mainly manufacture deep groove ball bearings, cylindrical roller bearings, angular contact ball bearings, spherical plain bearings, self-aligning roller bearings etc. Their products are widely used in various industries such as automobile, railway, shipbuilding, agricultural machine, engineering machine etc. They employ approximately 1300 people, about 100 of which is technical staffs with senior or intermediate professional certificates. TMB is their registered brand.

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