Healthy rise for Erfangji

SHANGHAI Erfangji has reported a profit of 85.13 million yuan (HK$114.84 at the official rate) for the six months to June, 1993. Total turnover for the period was 494.6 million yuan.

Profit for 1992 was 142.36 million yuan, while total turnover was 633.32 million yuan. Shanghai Erfangji, previously known as Shanghai No 2 Textile Machinery Company, is one of the leading manufacturers of textile machinery in China.