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Shanxi Lanhua Sci-Tech Venture's H1 net profit up 46.43%

Aug. 3, 2012 (China Knowledge) - Shanxi Lanhua Sci-Tech Venture Co Ltd<600123>, a producer of coal, chemical products and building materials, announced yesterday that its net profit grew 46.43% YoY to RMB 1.10 billion in the first half of this year.

Earnings per share were RMB 0.96 during the period, said the company in its interim report.

Shanxi Lanhua Sci-Tech Venture saw its operating revenue climb 3.65% YoY to RMB 3.96 billion in the first six months.

The company produced 2.95 million metric tons of raw coal in H1, 5.76% less than in the same period of 2011. Coal sales increased 15.19% YoY to 2.99 million metric tons in the period.

The output of urea grew 6.62% YoY to 801,500 metric tons, while sales of urea fell 10.45% to 713,400 metric tons.

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