Heli’s net profit skyrockets

News Story
- 7 Apr 2011 ( #508 ) - Hefei, China
<1 min read
Anhui Heli Co Ltd made a net profit of RMB362 million (USD55.3 million) in 2010, 224.48% higher than in 2009.

China Knowledge Press reported the publicly-listed company's 2010 revenue of RMB5.08 billion (USD776.5 million) was 64.43% higher than the previous year. Earnings per share were RMB1.01 (USD0.15), increasing 225.81% year on year.

The company attributes the robust growth to strong demand for its products and a government subsidy.

Established in 1958 in Hefei, Anhui Province, Anhui Heli manufactures and sells forklifts, wheel loaders, engineering machinery, mining machinery and foundry parts.
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