Firm gains 52.4m yuan

CHINA Textile Machinery Stock Ltd, listed in Shanghai, has reported a net attributable profit of 52.4 million yuan (about HK$70.58 million) for the year to December.

Sales were 206.6 million yuan and the cost of sales 144 million yuan. Pre-tax profit was 61.7 million yuan.

The results were reported in accordance with international accounting standards.