GRG Banking reports 1Q 2008 results

GRG Banking reports 1Q 2008 results
Tags: Asia, Australia & Pacific, Bank / Credit Union, Debit / Credit, GRG Banking Equipment Co., Ltd, Retail / Off-Premises
June 5, 2008

GUANGZHOU, China — GRG Banking Equipment Co. Ltd. (GRG) reported operating revenue of 257,172,769.89ï¿¥for the first quarter in 2008, an increase of 55.04 percent compared to last year, according to a news release distributed by that company.

GRG's net income in the first quarter is 83,082,357.97ï¿¥, an increase of 29.67 percent as compared to 64,073,412.41ï¿¥, for the first quarter last year.

At this point, according to the release, approximately 170 Chinese companies have released their first quarter financial results. Among them 158 companies have made profits and GRG's earning per share is 0.58ï¿¥, which is said to be the highest in the small- and medium-sized enterprise sectors.