Liugong, excavator, hoister, loader--Liugong Machinery Predicts 2011 Revenue To Hit 20B Yuan

December 27 -- Guangxi Liugong Machinery (000528) plans to record sales revenue of 20 billion yuan in 2011, 26 billion yuan in 2012 and 50 billion yuan in 2015,  according to a company filing.

The company expects to achieve average annual compound growth rate of more than 30 percent for the 2009-2012 period.
The company plans to record revenues of 11.2 billion yuan, four billion yuan and 1.5 billion yuan from sales of loaders, excavators and hoisters in 2011.

Liugong Machinery targets revenues of 12.5 billion yuan, 5.5 billion yuan and three billion yuan from sales of its loaders, excavators and hoisters in 2012.

Source: Capital Vue