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Source: China Knowledge China Knowledge

China Oriental's profit for H1 hits RMB 798 mln

Published: 11 Aug 2010 00:46:51 PST
Aug. 11, 2010 (China Knowledge) - China Oriental Group Co Ltd<0581>, an iron and steel products manufacturer and seller, on Aug. 9 posted RMB 798 million-net profit for the first half of this year, an amount 2.23 times compared with RMB 358 million it reaped in the corresponding period of 2009.

The enterprise's operating revenue soared 67% year on year to RMB 15.35 billion. Earnings per share were RMB 0.27 and no dividend was declared.

Boosted by the sharply growth, the Hong Kong-listed firm's share price ended 16.24% higher to HK$2.72 at the morning session yesterday.

China Oriental Group also announced plans to issue preferential bills globally, but no more details were disclosed.

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