Liugong | Loader | Excavator | Hoister--Liugong Machinery expects 2010 profits to jump 75pct to 100pct

Tuesday, 28 Dec 2010It is reported that Guangxi Liugong Machinery predicts that 2010 net profit will surge 75% to 100% and that it can hit its annual sales revenue target of CNY 150 billion.

The company is aiming for 2011 sales revenue of CNY 20 billion. It hopes to gradually boost sales revenue up to CNY 50 billion in 2015. To that end, the company will focus on its three core divisions which are loaders, excavators and hoisters. Liugong Machinery will also develop its forklifts, bulldozers, pavement construction machinery and special-purpose machinery businesses.

In 2009, the company raked in CNY 6.6 billion from sales of loaders and another CNY 1.8 billion from excavators and hoisters.

Source: 163.com