Revenue from sales in China more than doubled to RMB 283.3 million, mainly due to increased demand for large sized tower cranes used for infrastructure projects, as well as higher rental and service income.
SINGAPORE (May 29): Tower crane manufacturer Yongmao Holdings has posted a seven-fold increase in earnings to RMB 28.1 million ($5.7 million) for the full year ended March, from RMB 3.9 million a year ago.
Full-year revenue grew 26.3% to RMB 574.5 million, from RMB 455.0 million a year ago.
