Shaanxi International Trust H1 Net Profit Up 188%

Date:2011-08-25wangxin  Text Size:

Shaanxi International Trust (000563.SZ) filed its net profit and revenue grew 188.4 percent and 75.78 percent to 83.28 million yuan and 158 million yuan in the first half for EPS of 0.2324 yuan, reports p5w.net. Percent changes cited in this story are year-on-year.

Real estate transaction revenue tumbled 95.86 percent to 41.79 million yuan due to the company’s sale of holdings in Hongye Property. Financial business revenue grew 210.85 percent to 27.7 million yuan.

The company forecasts net profit will grow 100-150 percent to 88.66 million yuan in the first three quarters due to income from selling of holdings in Hongye Property. Trust business commissions also increased.

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