Sinoma International sees profit rising 80-90%

Sinoma International sees profit rising 80-90%
Published: 20 October 2010

Sinoma International Engineering predicts its net profit attributable to shareholders will increase 80-90 per cent YoY during the first three quarters of 2010, reports China Securities Journal, citing a company filing.

Operating revenue in the same period is expected to increase 30-50 per cent YoY.

During the first three quarters of 2009, Sinoma posted net profit attributable to shareholders of CNY511.024m, while operating revenue reached CNY11.21bn. The Beijing-based firm attributes the rise in profit to growing operating revenue and effective cost control.