Acquisition helps boost earnings at China Automation Group

China Automation Group, the country's largest provider of safety and critical control systems, saw 62 per cent growth in first-half net profit to 78.1 million yuan, after it acquired Jiaoda Microunion, a provider of railway interlocking systems, at the end of last year. Sales jumped 133 per cent to 408.8 million yuan in the six months to June. Jeff Pao