LiuGong announces record sales

LiuGong Machinery posted record sales, profits and export volumes during the first half of 2010, reported company officials.

LiuGong set a sales record of $1.2 billion through June, a 63.5 percent increase from the same period last year. LiuGong’s net profits were $137.8 million on $165 million gross profits. This represents a 148 percent increase on the same period last year. LiuGong reported earnings of 21 cents per share.

LiuGong is headquartered in Guangxi, PR China, and offers a full line of construction equipment to the global market.