Xiamen Tungsten China Net Profits Improves 40.49 Percent In 2009
Xiamen Tungsten Co, China's largest producer and exporter of tungsten and molybdenum products, Wednesday said its net profit increased 40.49 percent to 467 million yuan ($ 68 million) last year. In an unaudited financial statement to the Shanghai Stock Exchange, the company based in Xiamen, southeast China's Fujian province, expected the earnings-per-share would stand at 0.31 yuan, up 7.43 percent year on year. The company attributed the profit to the soaring revenue made by its subsidiary property company.
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