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Daqin Railway reports RMB 6.07 bln profit for H1

Aug. 29, 2012 (China Knowledge) - Daqin Railway Co Ltd<601006>, the operator of the largest coal-dedicated railway in China, said yesterday that its net profit fell 1.93% YoY to RMB 6.07 billion in the first half of this year, due to rising costs.

Earnings per share were RMB 0.41 during the period, according to the company's interim report.

Daqin Railway realized RMB 22.26 billion in operating revenue in the first six months, 1.84% more than in the same period of last year, boosted by higher freight rate.

The company transported 353.68 million metric tons of cargo in the period, reflecting a decline of 4.50% YoY. The cargo volume of Datong-Qinhuangdao Railway, the core assets of the company, fell 0.45% YoY to 215.09 million metric tons.

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