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Shanghai Jahwa United sees 73.9% surge in H1 profit

Aug. 15, 2012 (China Knowledge) - Shanghai Jahwa United Co<600315>, a daily cosmetics maker in China, has reported a net profit of RMB 360 million for the first half of this year, 73.9% more than in the same period of last year.

Basic earnings per share were RMB 0.8 during the period, said the company in its interim report.

Operating profit was RMB 460 million in H1, up 74.2% from the same period of last year.
Shanghai Jahwa United realized RMB 2.34 billion in operating revenue in the first six months, reflecting a growth of 21.7% YoY.

Sales of cosmetics grew 24% in H1. Sales of products under brands of Liushen, Herborist, Maxam and GF all experienced double-digit growth.

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