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Sany Heavy sees 58.8% plunge in Q3 profit

Oct. 30, 2012 (China Knowledge) - Sany Heavy Industry Co Ltd<600031>, a leading Chinese heavy construction equipment manufacturer, has announced its net profit for the third quarter of this year decrease 58.76% YoY to RMB 714 million.

According to a statement filed with Shanghai Stock Exchange, basic earnings per share for the period were RMB 0.09.

From July to September 2012, the construction equipment manufacturer's operation revenue hit RMB 8.94 billion, less than RMB 10.94 it realized in the same period of last year.

In the first nine months of this year, Sany Heavy saw its operation revenue amount to RMB 40.7 billion, down 1.46% YoY, while its net profit for the period plunged 23.43% YoY to RMB 5.87 billion.

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