Jul. 31, 2012 (China Knowledge) - Guizhou Chitianhua Co Ltd<600227
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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.