Monday, July 28, 2008

China's Kunming Machine Tool sees H1 net profit up 50 pct on higher sales

BEIJING (XFN-ASIA) - Shenji Group Kunming Machine Tool Co Ltd (SHA 600806; HK 0300) said it expects first half net profit under Chinese accounting standards to have risen by 50 pct year-on-year, mainly due to increased output and sales.

The company posted a net profit of 94.34 mln yuan in the first half of 2007, or 0.22 yuan per share.

It is due to release first half audited financial statements on Aug 28.

(1 usd = 6.8 yuan)

zachary.wei@xfn.com - xfnzw/xfntm

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