Guangxi Liugong Machinery Forecasts Up to 70% Rise in 2024 Profit

MT Newswires Live

2025/01/28

Guangxi Liugong Machinery (SHE:000528) projected an up to 70% rise in 2024 profit as the demand for domestic construction machinery recovered due to cyclical factors and favorable government policies.

Attributable net profit is expected to range between 1.26 billion yuan and 1.48 billion yuan in 2024, or between 0.6471 yuan per share and 0.7587 yuan per share, up from 867.8 million yuan, or 0.4448 yuan per share, the previous year, according to a Tuesday filing with the Shenzhen bourse by the construction machinery maker.

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