Aug. 22, 2012 (China Knowledge) - Beijing
Zhong Ke San Huan High-Tech Co Ltd<000970
>, a supplier of rare-earth permanent magnets, new magnetic materials and the application products, has announced yesterday that its net profit surged 196.48% year on year to RMB 461 million in the first half of this year.
Basic earnings per share were RMB 0.9 during the period, up 190.32% YoY. The company proposed an interim dividend of RMB 2 per ten shares.
firm attributed the robust profit growth to higher sales prices and increased sales volume.
Beijing Zhong Ke San Huan High-Tech saw its operating revenue reach RMB 2.85 billion in H1, reflecting a growth of 59.78% YoY. The company's gross profit margin rose to 35% in the period.