Date: 2013-07-31

Kunming Machine Tool Sees 50% Growth on Net Profit in 1st Half Year

One of China's largest machine tool manufacturers Kunming Machine Tool Corporation, announced its net profit rises 50% in the first half of 2008, compared to RMB 94.34 million for the same period of last year.

The company says the strong growth on net profit is mainly due to the expansion of production and sales in the period.

The expansion of production and sales has been the fifth consecutive year for Kunming Machine Tool Corporation, with an annual growth rate of 50%. Its dominant products account for more than 30% of China market.

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