Shanghai Prime Machinery said it expects to record a substantial increase in the profit for the six months ended 30 June 2015 as compared to the profit for the corresponding period of 2014.

Such significant increase in profit is mainly attributable to the benefit from the acquisition and restructuring project and the initial synergy effect of the fastener segment, combined with the varying degrees of growth in other business segments, such as aviation, nuclear power and wind power businesses.

Its interim results announcement is expected to be published next month.

Source: 4-Trade