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Zhejiang Longsheng's profit down 42.35% in H1

Aug. 2, 2012 (China Knowledge) - Zhejiang Longsheng Group Co. Ltd<600352>, a textile chemicals provider in China, saw its net profit attributable to shareholders decreased 42.35% YoY to RMB 270.35 million in the first half of 2012.

In a statement filed with Shanghai Stock Exchange, the textile chemicals provider said the profit was affected by the weak market demand.

Basic earnings per share for the period were RMB 0.18, less than RMB 0.32 it booked in the first half of last year.

The company saw its operation revenue for the six-month period reached RMBB 4.2 billion, 0.26% lower than it realized in the same period of 2011.

In the first quarter of this year, Zhejiang Longsheng's net profit dropped 64.83% YoY to RMB 102 million, with basic earnings per share of RMB 0.07.

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