China's Avic Heavy Machinery profits down in 2013
(MENAFN) China's Avic Heavy Machinery Co. Ltd., posted a drop in annual net profit last year, Xinhua reported
The firm's net profit hit USD24.8 million in 2013, plunging 28.2 percent from the year before it
The company said that the drop in profits was due to lower profitability amid a mixed global economic picture and slowdown of Chinese economy
Avic Heavy Machinery's business revenue increased to USD1 billion in 2013, up 18.87 percent from 2012
The firm's net profit hit USD24.8 million in 2013, plunging 28.2 percent from the year before it
The company said that the drop in profits was due to lower profitability amid a mixed global economic picture and slowdown of Chinese economy
Avic Heavy Machinery's business revenue increased to USD1 billion in 2013, up 18.87 percent from 2012
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