GRG Announces 20% Income Increase In Half-Year Fiscal Report

GRG Banking, the largest ATM manufacturer in China, reported operating revenue of USD 118.5 million for the first half year of 2010, an increase of 15.81% compared with the same period last year. Operating revenue of ATM products increases by 12.17% with a total number of USD 108.8 million, a proportion of 91.87% percent of its total revenue. The net income rose to USD 37.6 million, an increase of 19.39%. Earnings per share rises 18.52% at 9.4cents.

 

GRG has ranked No. 1 in Chinese ATM market for consecutive two years and is also top ten ATM brand worldwide, meanwhile, it’s also the pioneer and leading in the China Automatic Fare Collection (AFC) field.  Though the Chinese ATM market was suffering a lower expanding speed in the first half year of 2010 , GRG’s sales of ATM module & parts as well as value-added services saw a rapid growth , with a respectively increase of 313.02% and 113.6%.

 

The company is very confident of the market prospect of domestic ATM market, especially in small city and rural area where ATM deployment is still unsaturated. At the same time , GRG will strengthen its presence in Global market , expecting to get more breakthroughs in different regions.