GRGBanking Equipment Co. Ltd. has announced that it has been awarded two supply contracts for self-service banking equipment from Bank of China.

Per the contracts, GRG will provide equipment, installation of software and hardware, warranty service, training and other services.

The value of the contracts comes to about 470 million yuan ($75 million), which is equivalent to 19 percent of the company's audited operating revenue reported in 2011. GRG expects that the contract will have a positive impact on revenue and net profits for 2012.

For more on this topic, visit the manufacturers research center.

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