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Yongmao full-year earnings surge seven-fold to $5.7 mil

Jude Chan
Jude Chan5/29/2017 06:45 PM GMT+08  • 2 min read
Yongmao full-year earnings surge seven-fold to $5.7 mil
SINGAPORE (May 29): Tower crane manufacturer Yongmao Holdings has posted a seven-fold increase in earnings to RMB 28.1 million ($5.7 million) for the full year ended March, from RMB 3.9 million a year ago.
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SINGAPORE (May 29): Tower crane manufacturer Yongmao Holdings has posted a seven-fold increase in earnings to RMB 28.1 million ($5.7 million) for the full year ended March, from RMB 3.9 million a year ago.

Full-year revenue grew 26.3% to RMB 574.5 million, from RMB 455.0 million a year ago.

Revenue from sales in China more than doubled to RMB 283.3 million, mainly due to increased demand for large sized tower cranes used for infrastructure projects, as well as higher rental and service income.

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