Sales of Xiangyang Bearing Expected to Increase 100% to 150% in the First Quarter

Resource from: CBCC Likes:2904

Apr 08,2010

Xiangyang Bearing (8.39,-0.01,-0.12%) (000678) released the performance report in the first quarter on April 7th, 2010. It is predicted that the company will accomplish a net profit of 6.3 million RMB in the first quarter and a regular quarterly dividend of 0.02 RMB per share, which will increase 100% to 150% on a year-on-year basis. The company suggested that the increase of company performance was mainly because of the increase of the products sales in the first quarter and also the radix of the index mentioned above was relatively low in 2009 because of the financial crisis. In the same period in 2009, the company has accomplished the net profit of 2.7114 million RMB and a regular quarterly dividend of 0.009 RMB per share.

(CBCC)

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