Jiangsu Nanfang Bearing Co. announced revenue increase by 17.15% in Q1

Resource from: Jiangsu Nanfang Bearing Co., Ltd. Likes:102

Apr 21,2014

Jiangsu Nanfang Bearing Co., Ltd. announced on Apr 17th that the company revenue realized in the first quarter was 71,917,700 yuan YoY, with an increase of 17.15%; net profits attributable to shareholders of listed companies was 17.2374 million yuan, with an increase of 49.67% YoY. According to the Announcement, in addition to the main business profit growth, the investment income of 5,147,300 yuan from financial products was another main reason for this quarterly increase of nearly 50 percent. Due to the increase in product sales and investment income, the net profit growth of the company in the first half will be increased in the range of 30% -50%, with the expected profit from 28,444,700 to 32,820,800 yuan.

(Jiangsu Nanfang Bearing Co., Ltd.)

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