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Longcheer Holdings posts 30% rise in net profit to $8m for 2Q

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Longcheer Holdings, the designer of mobile phones in China, has reported a record revenue of RMB 1.04 billion ($216 million), for the three months ended Dec 31 2009 (2Q FY10) crossing the RMB 1 billion dollar mark for the first time in a quarter. This was attributed mainly to growth in exports. Total shipment volume grew 86% year-on-year to reach 5.76 million units from 3.09 million units.

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