LiuGong bullish

Chinese construction equipment manufacturer LiuGong Machinery announced first quarter earnings of US$93.35 million (¥612 million; ?66.03 million) from a net profit of $905.58 million (¥5.94billion; ?640.59 million) total sales revenue.
May 2, 2012 Read time: 1 min
Chinese construction equipment manufacturer 269 LiuGong Machinery announced first quarter earnings of US$93.35 million (¥612 million; €66.03 million) from a net profit of $905.58 million (¥5.94billion; €640.59 million) total sales revenue. This represents nearly a 72% increase in revenue from the same period the previous year. LiuGong said that total 2011 first quarter profits were $111.15 million (¥729 million; €78.63 million). Company performance outstripped first quarter 2010's reported figures by a huge margin. During the same time last year, LiuGong reported $507.02 million (¥3.46 billion; €377.91 million) in total sales revenue. Company Vice Chairman and President Zeng Guang'an said LiuGong's careful study and implementation of global best practices in management is paying off. Zeng said. "Growth worldwide continues because we put in place our support network for customer service, dealers and parts logistics before we enter a market. A LiuGong customer receives superior support and our machines have gained a reputation for value and extreme durability." LiuGong currently ranks within the top 20 largest construction machinery companies globally.

For more information on companies in this article

Related Content

  • Wacker Neuson’s improving results for 2025
    March 28, 2025
    Wacker Neuson expects to see improving results for 2025.
    Read More
  • Deutz achieves 40% new orders value increase in Q1 2013
    May 8, 2013
    Deutz has revealed a 40% increase in its new orders during Q1 2013 compared to the previous trading quarter. The Cologne, Germany-based diesel engine manufacturing giant said the significant new order rise represented a continuation of an encouraging trend that emerged in Q4 2012. New orders for Deutz were worth €388.5 million in the first quarter of 2013, compared to new orders valued at €276.6 million in Q4 2012. The new order value for Q1 2013 was also in line with the €390 million reported for Q1 2012.
    Read More
  • Wacker Neuson bullish with strong results
    March 18, 2019
    Wacker Neuson is bullish with its latest financial results, showing record revenue for fiscal 2018 with. The firm saw double-digit growth in group revenue to reach €1.7065 billion, a jump of 11%. The firm benefited from even faster EBIT growth to reach €159.7 million, a jump of 22%, while EBIT margin improved to 9.4%. The firm’s new strategy includes initiatives reduce complexity while its revenue is expected to grow by 4-8% in 2019 The Wacker Neuson Group says that business grew across all regions and bus
    Read More
  • Wacker Neuson is reporting strong half year results
    August 6, 2019
    Wacker Neuson is reporting strong financial performance for the first half of 2019. The firm says that it continued on its growth path, with revenue climbing 15.2% compared with the same period in the previous year. Revenue hit €950.7 million compared with €825.1 million for the first half of 2019. “The first half of the year showed us once again that our solutions meet the needs of our customers,” explained Martin Lehner, CEO of Wacker Neuson SE. “We gained shares in numerous markets, driven largely by our
    Read More

Highlighted Content