China South Locomotive reports 85% net profit surge in Q1 on gov't investment

18:05, April 23, 2010      

Email | Print | Subscribe | Comments | Forum 

China South Locomotive & Rolling Stock Corporation Limited (CSR), the country's biggest maker of rail vehicles, reported Friday a huge net profit surge in the first quarter this year.

Its net profit jumped 84.55 percent year on year to 355 million yuan (52 million U.S. dollars) in the first three months. Earnings per share stood at 0.03 yuan, up 84.55 percent from a year earlier, the company said in a statement filed to the Shanghai Stock Exchange.

Revenue climbed 68.77 percent year on year to 5.07 billion yuan, according to the statement.

CSR said its surge in profits was helped by the nation's massive investment in the railway sector.

The company's stock rose 0.19 percent to close at 5.22 yuan per share Friday.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion