August 31 -- Sichuan Expressway (601107) posted an 8.16 drop in net profit in the first half of 2011 to 568 million yuan despite a 22.66-percent increase in revenue to 1.54 billion yuan, with earnings per share of 0.1856 yuan, reports p5w.net, citing a company filing.

Revenue from road tolls increased during the reporting period. Sichuan Expressway attributed the fall in net profit to higher taxes and financial expenses over the same period.

Shares of Sichuan Expressway (601107) slipped 0.42 percent to close at 4.71 yuan today.

Source:capitalvue