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          China's XCMG forecasts 77% net profit jump in Q1 on strong demand
          


          (Xinhua)
          
 Updated: 2010-04-17 11:09
          


          


          

          



 

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          BEIJING - The Xugong Construction Machinery Co, Ltd(XCMG), China's largest construction machinery maker, has forecast its net profit in the first quarter this year surged 77 percent year-on-year.
          


          

          

          

          


          


          


          


          


          


          Related readings:
          China's XCMG forecasts 77% net profit jump in Q1 on strong demand China's XCMG posts soaring business revenue in 2009
          China's XCMG forecasts 77% net profit jump in Q1 on strong demand XCMG plans share placement to raise additional capital
          The Jiangsu province-based company said in a statement filed to the Shenzhen Stock Exchange that its net profit hit 500 million yuan ($73.3 million) in the first three months.
          


          Earnings per share stood at 0.58 yuan, up 77 percent from a year earlier.
          


          XCMG attributed the profit jump to its expansion on production and selling driven by strong market demand. 
          


          



 

          

          



 



 

          

          



 

          


 

          
           



          


 

          


          


 

          


          


 

          


          

          





          

          





          


 

          


          


 

          


          


 

          


          


 

          


          

          

          
           
          

          










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