The Group’s financial position remains healthy as at December 31, 2014, with cash and cash equivalents of RMB1,209.5 million.
Commenting on the Group’s outlook, Mr Chew added, “With our competitive edge as a preferred supplier of quality products and services, we are confident that Midas is well-placed to benefit from the sustained growth of the PRC railway industry. Our increasing participation in global rail opportunities also supports our growth, as well as risk and earnings diversification.
“Moving forward, as we continue to expand the Group’s production capabilities and business outreach, we are optimistic of generating even greater value for our shareholders.”
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