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Sinoma International posts 36.55% drop in profit for H1

Aug. 9, 2012 (China Knowledge) - China Sinoma International Engineering<600970>, one of the world's largest provider of cement engineering and integration services, announced yesterday that its net profit fell 36.55% YoY to RMB 475 million in the first half of this year.

Earnings per share were RMB 0.43 during the period, said the company in its interim report.

The company attributed the profit drop to a decline in its core business revenue amid slowing economy.

In the first six months, the company's operating revenue rose 7.45% YoY to RMB 11.64 billion.

In 2011, Sinoma International booked a net profit of RMB 1.54 billion, 7.87% more than in 2010.

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