Thursday 2011-08-18  17:34 Publisher: CapitalVue
August 18 -- Ningbo Pioneer New Material (300163.SZ) posted a 4.66-percent increase in net profit from the first half of 2011 to 16.04 million yuan, with earnings per share of 0.21 yuan, reports p5w.net, citing a company filing. Revenue rose 27.92 percent to 101 million yuan during the reporting period. The percentage changes are year-on-year.

The company attributed the revenue growth to greater production capacity during the reporting period. Net profit growth was less the revenue growth due to higher operating costs and administration expenses.

Source:CapitalVue