YHI Int'l H1 profit surges 50%
MAINBOARD-LISTED YHI International posted a 50 per cent increase in first-half net profits to $9 million, due to higher earnings from its Shanghai manufacturing operations and Asean distribution business.
Its half-year turnover also grew 40 per cent to $140.4 million. To meet rising demand in the Asean region, YHI plans to set up a third manufacturing plant - located in Malaysia - for the production of alloy wheels.
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