GRG Banking Reports 68.18% increased last season in net Profit

28 Oct. 2007

Guangzhou, China – GRG Banking Equipment Co., Ltd has a 68.18% gain increase in net profit, compared with the same season last year, according to its fiscal season report by GRG on Oct.27th,2007.


The company got its IPO just on Aug.13th this year in Shenzhen Stock Exchange. And this fiscal report exposed last week was its first fiscal season report after its IPO. Media from both home and abroad make great focus to this report.


In this report, the EBTIA extends to RMB164.2 million (US$ 21.9 million) during July-Sept. 2007, 121.62% increased from Sept. 2006.

Those results tell that the company’s got a high leap after its IPO. And GRG says the growth was driven by strong gains from China’s major national banks, Bank of China and Agricultural Bank of China; and also outside China market give significant shares, such as Asia-Pacific, Middle East and Africa. The solid business of ATM equipments and software solutions has always been the stand to the great increase.