Date: 2013-07-31

The Profit of Luoyang Bearing Science and Technology Co., Ltd during 2010 Rose 18.38%

Luoyang Bearing Science and Technology Co., Ltd achieved the total profit of 5.79147 million in 2010, with an increase of 18.38% compared with last year.

As it stated in the announcement of Luoyang Bearing Science and Technology Co., the product demanding of the company showned rapid growth in 2010 with the recovery of machinery industry and the fine external operating environment. Within the period of time mentioned in the announcement, the company achieved the fast growth of the operating revenues through taking up opportunities, enhancing product development and production and strengthening the efforts of expanding market. During the period of the report, the turnover of the company was up to 5.2169 billion yuan in total, rising 43.98% compared with last year., and the net profit was up to 57.9147 million yuan, growing 18.38 compared with last year, and the net profit for the shareholders of the listed company was up to 4.78023 million yuan, increasing 19.8% compared with last year. (From China Industry Newss)

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