Rongsheng Petrochemical H1 Profit Surges 749%; Shares Down 3%

MT Newswires Live

08/25

Rongsheng Petrochemical (SHE:002493) posted first-half attributable net profit of 5.11 billion yuan, up 749% from 602.1 million yuan the previous year.

Earnings per share jumped to 0.53 yuan from 0.06 yuan, according to a Tuesday filing with the Shenzhen bourse.

Operating revenue declined 13% year over year to 129.4 billion yuan from 148.6 billion yuan.

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

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