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China Wonder

  • BY: Andrew Hore |
  • POSTED: 24/09/2008 |

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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