Xingrong Investment 1H Net Profit Up 81% - ResearchInChina

Date:2011-07-28yangrui  Text Size:

July 21 -- Chengdu Xingrong Investment (000598) filed its first-half net profit attributable to shareholders grew 80.76 percent year-on-year to 280 million yuan on revenue growth of 30.37 percent to 915 million yuan, reports 163.com. First-half EPS was up by 75 percent year-on-year to 0.49 yuan.

Its tap water distribution volume and drainage disposal volume both rose in the first half and resulted in revenue growth. It also raised prices with the approved of local price authorities on June 1 2010.

Xingrong will convert 10 shares and pay one yuan cash dividend (pre-tax) for every 10 shares held based on its first-half earnings

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