Xugong Science & Technology Co. Ltd. , the listed unit of China's biggest machinery maker in which U.S. investment firm Carlyle plans to buy a stake, estimates that it returned to the black in 2006.

Xugong Science was set to report a net profit of around 10 million yuan ($1.3 million) for 2006, reversing a loss of 129 million yuan in 2005. The machinery maker, scheduled to post its 2006 results on March 28, would publish details in the annual report.

Carlyle has been trying to obtain permission to buy a major stake in Xugong Science's parent, Xugong Group Construction Machinery Co., for over a year in a deal which has now been cut to about $228 million.

Source:未知