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Precision Tsugami's Full-Year Profit Jumps 40%; Declares Final Dividend

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Precision Tsugami (China) (HKG:1651) recorded a 39.9% rise in attributable profit for the year ended March 31 to 1.09 billion yuan from 782.4 million yuan a year prior, according to a Monday filing with the Hong Kong bourse.

Earnings per share climbed to 2.97 yuan from 2.07 yuan in the corresponding period of the last fiscal year.

Revenue for the high precision machine tool manufacturer rose 21.6% to 5.18 billion yuan from 4.26 billion yuan a year prior.

The company recommended a final dividend of HK$0.90 per share for the year, payable Sept. 16 to shareholders of record as of Aug. 26.

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