China Zhongwang sees 2009 net up more than 70 pct

HONG KONG, Feb 24 - China Zhongwang Holdings <1333.HK> said on Wednesday it expects its 2009 net profit to rise more than 70 precent from a year ago on higher demand for industrial aluminium extrusion products.

The results were based on unaudited management accounts, it said in a statement to the stock exchange.

It reported a net profit of 1.91 billion yuan ($279.8 million) in 2008 and an unaudited profit of 2.4 billion yuan for the nine months ended September 2009.

For company statement please read http://www.hkexnews.hk/listedco/listconews/sehk/20100224/LTN20100224169.pdf