Chinese PM producer NBTM New Materials Group sees sales growth

March 9, 2011

According to a report on China’s financial website Capital Vue, Chinese powder metallurgy parts producer NBTM New Materials Group returned to profit in 2010, with a net profit of 47.17 million yuan and earnings per share of 0.24 yuan. Sales revenue rose 37.82% to 91.91 million yuan.

It was stated that the Ningbo-based PM parts manufacturer benefited from a sharp rise in demand for its automotive components following an adjustment in its product mix.

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