Jiangsu Eastern Shenghong H1 Profit Soars 1,065%, Revenue Up 15%

MT Newswires Live
Aug 31

Jiangsu Eastern Shenghong (SHE:000301) posted first-half attributable net profit of 4.50 billion yuan, surging 1,065% from 386.2 million yuan the previous year.

Earnings per share jumped to 0.66 yuan from 0.06 yuan, according to a weekend filing with the Shenzhen bourse.

Operating revenue rose 15% year over year to 69.9 billion yuan from 60.9 billion yuan.

The chemical producer's shares were up 1% in recent trade.

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