Friday 2011-08-05
August 5 -- Hangzhou Nanfang Special Pump Industry (300145) posted a 46.33-percent year-on-year increase in the first half of 2011 net profit to 36.98 million yuan, reports China Securities Journal, citing a company filing.
Revenue rose 45.11 percent year-on-year to 361.45 million yuan, while total profit jumped 51.01 percent year-on-year to 46.68 million yuan.
The listed company attributed the profit growth to rising sales of high-quality pumps and higher market share.