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Fujian Septwolves sees 40.6% growth in H1 profit

Aug. 13, 2012 (China Knowledge) - Fujian Septwolves Industry Co Ltd<002029>, which is engaged in the design, production and sale of men's clothing under the brand name of Septwolves, has announced its net profit attributable to shareholders to surge 40.61% YoY to RMB 246 million in the first half of this year.

The company said the growth in net profit is mainly due to effective control of costs and expenses.

Basic earnings per share for the period were RMB 0.58, up 41.46% from a year earlier.

According to a statement filed with Shenzhen Stock Exchange, the company's operation revenue for the six-month period hit RMB 1.49 billion, 24.47% more than it realized in the same period of 2011.

The company expects its net profit for the first nine month of this year to rise between 30% and 50% from a year earlier.

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