Kelin Environmental Gets 47.4M Yuan Subsidy

Date:2011-08-19liuhongli  Text Size:

August 19 -- Kelin Environmental Protection Equipment (002499), a maker of dust filters, said it obtained a subsidy of 47.43 million yuan from the local government, reports stcn.com, citing a company filing.

The subsidy will be consolidated into Kelin’s financial statements using the deferred method.

Kelin Environmental has a total of 75 million shares outstanding. It recorded first half net profit of 16.56 million yuan.

 

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