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.