Thursday 2011-08-18  17:43 Publisher: CapitalVue
August 18 -- Sinoma Science and Technology (002080.SZ) reported that its net profit fell 12.82 percent to 1.56 million yuan in the first half of 2011, with earnings per share of 0.18 yuan, reports p5w.net, citing a company filing. Revenue rose 6.71 percent to 1.11 billion yuan during the reporting period. All percentage changes cited in this article are year-on-year.

The Nanjing-based firm predicts its net profit will fall 20-50 percent in the first three quarters.

Sinoma Technology develops and manufactures specialty fiber composite materials. The listed company also process non-metal minerals and produces glass.