Net Profit of Xiangyang Bearing Increased 134% in Q1

Resource from: CBCC Likes:2898

Apr 27,2010

Xiangyang Automobile Bearing Co., Ltd.（000678） released the first quarter report this year after the open on Wednesday. The company has accomplished 6.3465 million RMB net profit in the first quarter, which increased 134.07% on a year-on-year basis. In the first quarter, the company has accomplished the business income of 219 million RMB, which increased 111.48% on a year-on-year basis; the earning per share was 0.021 RMB, which increased 133.33% on a year-on-year basis. The company indicated that the increase of busines income was because of th increase of market demand and the increase of products sales after the company has energetically expanded market; the increase of net prift was because of the increase of products sales and the reduce of the sales cost.

(CBCC)

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