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Guizhou Chitianhua reports 23.69% rise in profit for H1

Jul. 31, 2012 (China Knowledge) - Guizhou Chitianhua Co Ltd<600227>, which is principally engaged in the production and sale of urea under the brand name of Chi, announced yesterday that its net profit grew 23.69% YoY to RMB 55.08 million in the first half of this year.

The company said the increase in net profit was due to higher urea prices.

The company's operating revenue was RMB 1.13 billion in the first six months, up 22.59% from the same period of last year.

The company saw its gross profit margin increase by  2.90 percentage points to 32.47% in H1. The firm's gross profit margin was 33.37% in 2011, ranking first among listed urea companies.

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