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Heavy Machinery & Vehicles

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Code Agriculture entered into MoU

Friday, 28 Apr 2017 10:36am EDT

April 28 (Reuters) - Code Agriculture (Holdings) Limited <8153.HK>::Memorandum Of Understanding In Relation To A Proposed Acquisition .Deal for consideration of proposed acquisition will be not more than rmb500 million.Company and Citic merchant co entered into MoU in relation to proposed acquisition.

XCMG Construction Machinery's Q1 net profit up 1,810.0 pct y/y

Friday, 28 Apr 2017 09:11am EDT

April 28 (Reuters) - XCMG Construction Machinery Co Ltd <000425.SZ>:Says Q1 net profit up 1,810.0 percent y/y at 201.8 million yuan ($29.27 million).

Tesmec Q1 net result turns to profit of EUR 0.8 mln

Friday, 28 Apr 2017 08:12am EDT

April 28 (Reuters) - Tesmec SpA ::Q1 revenue EUR 49.8 million ($54.42 million) versus EUR 40.5 million year ago.Q1 net profit EUR 0.8 million versus loss EUR 0.1 million year ago.Confirms FY 2017 revenue forecast between EUR 160 million and EUR 170 million.Expects FY 2017 EBITDA margin of 15 percent.

Wuxi Huadong Heavy Machinery sees H1 FY 2017 net profit could rise up to 40 pct

Friday, 28 Apr 2017 06:03am EDT

April 28 (Reuters) - Wuxi Huadong Heavy Machinery Co Ltd <002685.SZ>::* Sees net profit for H1 2017 could rise up to 40 pct, or to be 15.2 million yuan to 21.2 million yuan, compared to net profit of the same period in FY 2016 (15.2 million yuan).

Sany Heavy Industry to pay cash 0.1 yuan per 10 shares as FY 2016 div payment

Friday, 28 Apr 2017 02:50am EDT

April 28(Reuters) - Sany Heavy Industry Co Ltd <600031.SS> : :* Says it plans to pay cash 0.1 yuan per 10 shares as FY 2016 div payment.

Palfinger Q1 sales up 13.5 percent at 361.9 mln euros

Friday, 28 Apr 2017 01:48am EDT

April 28 (Reuters) - Palfinger AG ::Q1 sales increased by 13.5 percent to 361.9 million euros ($393.10 million).Q1 consolidated net income rose by 4.1 percent to 19.4 million euros and earnings per share reached 0.52 euros.Q1 adjusted EBITDA up 18.7 percent to 50.9 million euros.Q1 adjusted EBIT increased from 32.0 million euros to 36.6 million euros.Restructuring costs amounted to 5.0 million euros in the first quarter of 2017.Continues to expect sales growth in the full year 2017 and is aiming for a double-digit adjusted EBIT margin.

Sunward Intelligent Equipment to use 25 mln yuan to jointly set up special equipment JV

Friday, 28 Apr 2017 01:26am EDT

April 28 (Reuters) - Sunward Intelligent Equipment Co Ltd <002097.SZ> ::* Says it will use 25 million yuan to jointly set up a special equipment JV with partners in Changsha .* The JV will be capitalized at 100 million yuan and the company will hold 25 percent stake in it .

CGN Nuclear Technology Development to buy stake in polymer firm for 153.6 mln yuan

Thursday, 27 Apr 2017 10:13pm EDT

April 28(Reuters) - CGN Nuclear Technology Development Co Ltd <000881.SZ>:Says it will buy 60 percent stake in a Jiangyin-based polymer co, for 153.6 million yuan, via its units.Says it plans to fully acquire two units for 121.1 million yuan.

Sany Heavy Industry's net profit up in Q1 after 2016 rise

Thursday, 27 Apr 2017 09:34pm EDT

April 28 (Reuters) - Sany Heavy Industry Co Ltd <600031.SS>:Says its Q1 net profit up 727.1 percent y/y at 745.7 million yuan ($108.14 million).Says its 2016 net profit up 4,001 percent y/y at 203.5 million yuan.

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