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China Medical Climbs on Robust Earnings

publication date: Jun 19, 2007
Solid Profits from Medical Devices -- China Medical Technologies (CMED) has enjoyed a very positive two-day run after announcing its fiscal year 2006 revenues and earnings. The stock moved up $4.39 to $31.64 over the first two sessions of the week, a 16% climb. The company reported that its revenues shot up 47.1% to $71 million and profits were 46% higher at $38 million. Both numbers beat analysts predictions as well as the company's own forecast. More details...


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