Society

Tibet Tianlu forecasts profits to jump 850% in 2009

(Xinhua)
Updated: 2010-01-29 16:14

BEIJING: Tibet Tianlu Co Ltd, a major road builder in southwest China's Tibet Autonomous Region, on Friday forecast its 2009 net profits would jump 850 percent from a year earlier.

Related readings:  Airlines urged to open flights to Tibet region  China to achieve lasting stability in Tibet  Plans to develop Tibet drafted

In a statement filed to the Shanghai Stock Exchange, Tibet Tianlu gave no exact figure of its net profits in 2009.

The company said its net profits in 2008 surpassed 8 million yuan ($1.2 million), with earnings per share at 0.018 yuan.

Tibet Tianlu said the forecast profit jump was attributable to sales growth of its new holding subsidiary, Tibet Gaozheng Building Material Co Ltd, and securing more road projects in 2009.

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