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Lanhua Sci-Tech Venture expects 46.54% rise in H1 net profit

Jul. 11, 2012 (China Knowledge) - Shanxi Lanhua Sci-Tech Venture Co Ltd<600123>, a producer of coal, chemical products and building materials, announced yesterday that its net profit was expected to grow 46.54% YOY to RMB 1.10 billion in the first half of this year.

Earnings per share were RMB 0.96 in the first six months.

The Shanghai-listed company attributed the strong growth in net profit to higher profit contribution from Shanxi Asian American-Daning Energy Co and improving chemical fertilizer division.

The company’s operating revenue was estimated at RMB 3.96 billion in the period, up 3.65% YoY.

In the first quarter of this year, the company’s net profit jumped 52.04% YoY to RMB 513.32 million and its core business revenue grew 22.41% to RMB 2.13 billion.







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