August 17 -- Guizhou Bailing Group Pharmaceutical (002424.SZ) posted a 99.41 percent year-on-year increase in first half 2011 net profit to 89.31 million yuan, with earnings per share of 0.38 yuan, reports p5w.net, citing a company filing.

Sales revenue hit 452 million yuan, up 41.17 percent year-on-year.

The company predicts a 50-70 percent year-on-year rise in net profit for the first three quarters.