Share sale boosts

January 22, 2009, Thursday |

Print Edition

XUZHOU Construction Machinery Science and Technology Co, controlled by China's biggest building-equipment maker, yesterday said unaudited net income last year rose more than four-fold on gains from selling shares in a unit to the parent.

Net income in the year through December 31 soared 327 percent to 105.6 million yuan (US$15.4 million) from 24.7 million yuan a year earlier.

Manufacturing

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Share sale boosts

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