Wednesday, March 26, 2008

Haitian International Holdings announces FY07 annual results

Haitian International Holdings Ltd<1882>, which primarily engaged in the development, manufacture of plastic injection moldings machines in mainland China, announces annual results for the year ended Dec. 31, 2007.

The company's revenue increased 20.4% year-on-year to RMB 3.8249 billion and net profit

attributable to equity holders climbed 26.1% year-on-year to RMB 568.4 million in 2007.

However, basis earnings per share decreased by 2.7%, due to the dilution effect of issuing 25% new shares in 2006. The Board proposed a final dividend of HK$0.01 per share. Aggregating the interim dividend paid, the dividend pay out ratio was about 50%.

Haitain said that the impressive growth was attributed to the combination of its comprehensive product range and launch of higher valued added products to customers.

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