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People's Daily Online's H1 profit up 101%

Aug. 22, 2012 (China Knowledge) - People's Daily Online Co Ltd<603000>, a website owned by People's Daily, the official newspaper of the Communist Party of China, has announced its net profit attributable to shareholders to surge 101% YoY to RMB 64.91 million in the first half of this year.

Basic earnings per share for the period were RMB 0.28.

According to a statement, the company saw its operation revenue for the six-month period increased 38.1% from a year earlier to RMB 292 million.

People's Daily Online listed in Shanghai Stock Exchange on April 27, 2012 with issue price of RMB 20. The company sold 69.1 million A-shares or 25% of its total capital in its initial public offering, and raised RMB 1.38 billion in the IPO

As at the end of Jun 30, 2012, the company had RMB 2.2 billion in total assets, 154% more than the beginning of this year.

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