July 19 -- Jiangsu Welle Environmental (300190) filed its first-half net profit attributable to shareholders grew 8.79 percent year-on-year to 21.63 million yuan on revenue of 124 million yuan, reports 163.com. First-half EPS was down six percent year-on-year to 0.47 yuan. No profits distribution is planned.

In the first half, Welle completed construction on its new office building and workshops, and resulted in more fixed asset depreciation. Its overseas branches’ expansion also resulted in more expenditures in the first half.

Welle is based in Changzhou and offers such environmental protection services as landfill leachate treatment and bunker water treatment. It also produces related equipment.