Sichuan Changhong Electric Co., Ltd, one of China's largest consumer electronics providers, is expected to net a profit of 500 million yuan (US$62.5 million) this year, a company official said on Tuesday.

 

The sales revenue of the company may reach 23 billion yuan this year, said Liu Tibin, general manger of the company.

 

Changhong reported a net profit of 125.29 million yuan in the first half of this year, he said.

 

It reported a sales revenue of 17.6 billion yuan with a net profit of 285 million yuan last year.

 

(Xinhua News Agency September 13, 2006)