Capital equipment manufacturer China Wonder has increased its interim revenues and profits.
Revenues jumped 60% to £1.74m in the six months to June 2008. Profits increased from £162,000 to £254,000.
Higher working capital requirements meant that there was a cash outflow in the first half. China Wonder still has net cash of £165,000.
The company hopes to find expansion opportunities in China and the UK.
At 10.5p a share, China Wonder is valued at £1.89m. The shares are trading at less than six times the past 12 months rolling earnings.
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