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Yongmao Holdings makes big strides in profit, revenue

Published on May 26, 2014 9:25 PM

SINGAPORE - Towercrane maker Yongmao Holdings said its fourth quarter net profit nearly doubled to 11 million yuan from 5.7 million yuan in the same period last year.

Revenue for the three months to March 31 rose by 68.8 per cent to 220.5 million yuan.

Full year net profit grew by 130.4 per cent to 51.3 million on the back of a 35.2 per cent increase in revenue to 909.6 million yuan.

This was mainly attributable to an increase in revenue across all of the group's geographical segments.

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