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Yongmao 1Q earnings fall 16% to RMB 6.7 mil on lower margins

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Yongmao 1Q earnings fall 16% to RMB 6.7 mil on lower margins
SINGAPORE (Aug 4): Tower crane manufacturer Yongmao Holdings posts a 16.3% decline in earnings to RMB 6.7 million ($1.4 million) for the 1Q ended June, from RMB 8.0 million a year ago.
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SINGAPORE (Aug 4): Tower crane manufacturer Yongmao Holdings posts a 16.3% decline in earnings to RMB 6.7 million ($1.4 million) for the 1Q ended June, from RMB 8.0 million a year ago.

Revenue dipped marginally by 1% to RMB 153.2 million in 2Q18, from RMB 154.6 million a year ago.

The decrease was mainly attributable to lower services income due to a decrease in Macau operations as a result of weaker demand, as well as lower sales of components and accessories.

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