These 2 supply contracts are for self-service banking equipment from China.
In a release, GRGBanking Equipment Co., Ltd. announced recently that it won two supply contracts for self-service banking equipment from Bank of China.
The contractual value hits about CNY 470 million (USD 74.87 million), equivalent to 19.24% of the audited operating revenue reported in 2011.
The above-mentioned value includes equipments, installation of software and hardware, warranty service, training service and other services stated in the contracts.
According to GRGBanking, the contract will have a positive impact on its revenue and net profits in 2012.
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