July 22 -- Shaanxi Fenghuo Electronics (000561) posted a 2.76 percent year-on-year decrease in first half 2011 preliminary net profit to 23.84 million yuan, with earnings per share of 0.04 yuan, reports p5w.net, citing a company filing.

Sales revenue inched up 0.26 percent to 288 million yuan.

The company attributed the decrease in net profit to higher raw material and labor costs.

Fenghuo Electronics produces communication equipment and electro-acoustic components.

Source:CapitalVue