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.
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.