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LiuGong Machinery forecasts soaring profit in 2009
(Xinhua)
Updated: 2010-01-27 17:31
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LiuGong Machinery, China's leading manufacturer of crane and construction equipment, edged up 0.87 percent to close at 19.68 yuan ($2.88) per share on Wednesday after forecasting a 137-percent jump in annual net profits last year.
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The profit rise was attributable to an increase in sales revenue and lower costs of raw materials in 2009, it said.
