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Fuyao Glass's profit down 7.7% in H1

Jul. 19, 2012 (China Knowledge) - Fuyao Glass Industry Group Co Ltd<600660>, China's biggest windshield maker, announced that its net profit attributable to shareholders for the first half of this year decreased 7.7% YoY to RMB 738.33 million.

Basic earnings per share for the six-month period were RMB 0.37, less than RMB 0.40 it realized in the same period of 2011.

In a statement filed with Shanghai Stock Exchange, the windshield maker said the decrease of net profit is mainly due to the raise in staff salaries, the reduced price of float glass and the decline in non-operating income.

As of the end of June 30 2012, the company had RMB 12.83 billion in total assets, 5.1% more than at the end of last year.

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