July 26 -- Huangshan Novel (002014) posted a 25.91-percent year-on-year increase in first-half net profit to 62.15 million yuan, reports p5w.net, citing a company filing. Earnings per share (EPS) were 0.34 yuan and sales revenue hit 740 million yuan, up 20.86 percent year-on-year.

The company predicts an increase in net profit of 30% to 77.38 million yuan in the first three quarters of 2011.

Huangshan Novel, which is based in Anhui city, manufactures materials used for packaging medicines, food, and cosmetics.

Source:CapitalVue