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  1. Honghua sees flat sales as orders are deferred

    Posted Apr 16th 2009, 12:00am by Eric Ng

    ... Eric Ng Honghua Group, the world's second-largest producer of onshore oil drilling rigs, expects sales volume and profit margin to be flat this year, as lower oil prices saw some ... squeeze. This is despite turnover increasing 49.73 per cent on the back of higher selling prices owing to requirements from customers to package Honghua's products with related products ...

    http://www.scmp.com/article/676960/honghua-sees-flat-sales-orders-are-deferred

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