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China Zhongwang's H1 profit up 152% YoY

Aug. 23, 2012 (China Knowledge) - China Zhongwang Holdings Ltd<1333>, the largest aluminum extrusion products manufacturer in Asia, has posted RMB 1.04 billion in net profit for the first half of this year, reflecting a YoY increase of 152%, according to a statement filed with the Hong Kong Stock Exchange.

Basic earnings per share for the period were RMB 0.19, more than RMB 0.08 it booked in the first half of 2011.

From January to June 2012, the company earned RMB 6.88 billion in operation revenue, reflecting a YoY increase of 60.9%, including RMB 6.57 billion from industrial aluminum extrusion products, up 63.6% YoY.

The company sold a total of 286,110 metric tons of aluminum extrusion products in the six months period, 51.8% more than it realized in the same period of last year.

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