China National Materials' FY net profit up 30.48%

China National Materials Co Ltd, the world's largest provider of cement equipment and engineering services, said yesterday its net profit in 2008 increased by 30.48 percent year-on-year to 1.52 billion yuan.

The company posted revenues of 25.25 billion yuan in 2008, a 21.76 percent increase over the previous year, among which, cement equipment and engineering services contributed 15.55 billion yuan, according to the financial report the company filed to the Hong Kong stock exchange.

The company signed new contracts in cement equipment and engineering services totaling 34.08 billion yuan last year, among which 73.46 percent were from overseas markets, a 47.97 percent growth year-on-year.