China Aerospace expects its scientific and technological industry to see profit

Zhou Qing Quan, executive director and vice president of China Aerospace International Holdings (0031), said although the company would develop in information networks and satellite businesses in the future, the scientific and technological industry still took up the biggest proportion in the turnover of the company and remained as the business foundation of the company. He believed that after finishing the consolidation in the first half of the year, the profit of the scientific and technological business, especially the trading business could keep steady pace in development, and even do much better than the previous year.

Moreover, he continued to claim that the company would consider to sell some of its properties in Hong Kong and mainland and HK$40 mln might be cashed if the dealings succeeded.

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