Stock Earnings: link Hi Holdings net profit up 93%!

China-based precision tube maker Link Hi Holdings Ltd said its net profit for the year to March rose 93 pct to 18.76 mln yuan on the back of strong steel tubing sales. Its overall tubing sales for the period rose 26.1 pct year-on-year to 241. 80 mln yuan. "The increase was mainly due to an increase in sales of steel tubing to the non-automotive industry of about 69.8 mln yuan," Link Hi said in a statement. The company added that contributions from exports to overseas markets rose to 16 pct for the year from 0.03 pct previously. The company said it is optimistic about its manufacturing businesses due to growth in the automobile, oil and gas and manufacturing equipment sectors. "Barring unforeseen circumstances, our directors believe that our group will remain profitable for the year to March 2007," it said.

Link Hi Holdings Ltd's year to March results:
Sales - 241.80 mln yuan vs 191.79 mln
Pretax profit - 18.76 mln yuan vs 14.45 mln
Net profit - 18.76 mln yuan vs 9.72 mln
EPS - 0.1876 yuan vs 0.0972