Midas Holdings, the manufacturer of aluminium alloy extrusion products for China’s railway sector, announced a 14.9% rise in net profit to $37.5 million for the financial year ended December 31, 2009 (FY2009).
Revenue from continuing operations, namely the Aluminium Alloy Division and the Polyethylene Pipe Division, increased 8.6% to $150 million for the year. The group had ceased the trading operations of its Agency & Procurement Division in March 2009 to focus on its core business.
