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China Zhongwang Sees 2009 Net up More Than 70 pct

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HONG KONG, Feb. 25 -- China Zhongwang Holdings (1333.HK: Quote) said on Wednesday it expects its 2009 net profit to rise more than 70 precent from a year ago on higher demand for industrial aluminium extrusion products.
The results were based on unaudited management accounts, it said in a statement to the stock exchange.
It reported a net profit of 1.91 billion yuan ($279.8 million) in 2008 and an unaudited profit of 2.4 billion yuan for the nine months ended September 2009.
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