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Yunnan Germanium Industrial expects 0.41% rise in H1 profit

Jul. 30, 2012 (China Knowledge) - Yunnan Lincang Xinyuan Germanium Industrial Co Ltd<002428> said yesterday that it expects its net profit to climb 0.41% YoY to RMB 44.21 million in the first half of this year.

Basic earnings per share were RMB 0.14 in the period, said the company in a statement.

The Shenzhen-listed company saw its operating revenue fall 5.79% YoY to RMB 115 million in the first six months, due to decreases in sales prices and volume of its major products and an increase in raw material cost.

The company earlier reported a net profit of RMB 15 million for the first quarter of this year, 15.29% less than in the same period of last year. Core business revenue dropped 5.39% YoY to RMB 50.85 million in the quarter.

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