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Shanghai Jahwa expects 70% surge in Jan-Sep profit

Oct. 17, 2012 (China Knowledge) - Shanghai Jahwa United Co<600315>, a daily cosmetics maker in China, has announced that it expects its net profit for the first nine months of this year to increase about 70%.

In the first nine month of 2011, Shanghai Jahwa realized RMB 280.02 million in net profit, and basic earnings per share for the period were RMB 0.66.

In a statement filed with Shanghai Stock Exchange, the daily cosmetics maker said the huge increase in profit was mainly due to good sales.

The Shanghai listed company earlier announced its net profit for the first half of this year surge 74% YoY to RMB 360 million, China Knowledge reported earlier.

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