RIFA Digital Precision Machinery issued the third quarterly report

Resource from: CBCC Likes:171

Oct 29,2014

RIFA Digital Precision Machinery Co., Ltd. released the third quarterly report on the night of this Tuesday that the company achieved net profit of RMB 39.4503 million, a year-on-year growth of 74.46%. Due to sales increase in the good market order business, the company reached operating income of RMB 292 million, an increase of 40.64% compared to the same period of last year. In the third quarterly report, RIFA Digital Precision Machinery Co., Ltd. also predicted that it will achieve the net profit of RMB 41.1175 million to 45.2293 million in the whole year 2014, a year-on-year growth of 400-450%. The main reason is the substantial year on year growth of the new orders in 2014, particularly in market segments such as hub and bearing market, had a positive impact on the current performance. In addition, the small base of nest profit for the same period of last year led to the large net profit variation attributable to shareholders of listed company in 2014.

(CBCC)

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