Yihua Chemical H1 Earnings Up 41.73% - ResearchInChina

Date:2011-08-01xieshasha  Text Size:

July 29 -- Hubei Yihua Chemical Industry (000422) posted a 41.73-percent year-on-year increase in net profits from the first half of 2011 to 465 million yuan, with earnings per share of 0.86 yuan, reports p5w.net, citing a company filing.

Revenue rose 46.08 percent year-on-year to 7.33 billion yuan during the reporting period.

Yichang-based Yihua Chemical, which is Asia's largest pentaerythritol manufacturer, attributed the growth to rising urea prices and the strong performance of Guizhou Yihua and Yihua Fertilizer Industry.

 

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