SINOPEC Engineering's H1 Profit Increases 5%; Shares Jump 11%

MT Newswires Live

08/18

SINOPEC Engineering (Group) (HKG:2386) reported 1.38 billion yuan in attributable profit for the half ended June 30, up 5% from the 1.32 billion yuan posted in the year-ago period, according to a Hong Kong bourse filing Sunday.

Earnings per share were 0.32 yuan, compared with 0.30 yuan in the prior year.

Revenue rose 10% year-on-year to 31.56 billion yuan, results showed.

The company declared a dividend of HK$0.176 per share, payable Oct. 27 to shareholders of record on Sept. 9.

Shares of the engineering and construction firm jumped nearly 11% in morning trade Monday.

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