Haitian to increase India investments

Haitian International(1882), a mainland-based plastic injection moulding machine manufacturer, posted an adjusted interim net profit of 1.08 billion yuan (HK$1.24 billion), up 5.12 percent yearly.

The basic earning per share were 73 fen. The company declared an interim dividend of 25 HK cents.

Gross profit margin dropped by 4.1 percentage points to 31 percent, as a result of a rebond in raw material prices since the end of last year and falling export revenue in yuan terms.

Executive director Zhang Bin, said new facilities in India and a new facility in Turkey were completed in the first half. In addition the company will continue to increase the investments in India, Mexico and Russia.

Source : www.thestandard.com.hk


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