China Tungsten and Hightech Materials H1 Profit Jumps 281%; Shares Down 3%

MT Newswires Live

08/24

China Tungsten And Hightech Materials (SHE:000657) posted first-half attributable net profit of 2.08 billion yuan, up 281% from 545.6 million yuan the previous year.

Earnings per share climbed to 0.9112 yuan from 0.2502 yuan, according to a weekend filing with the Shenzhen bourse.

Operating revenue rose 109% year over year to 16.4 billion yuan from 7.86 billion yuan.

Shares of the nonferrous metals company were down 3% in recent trade.

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