July 29 -- Kingteller Technology (002177), a maker and distributor of automated teller machines (ATMs), posted a 101.16 percent year-on-year increase in first half 2011 net profit to 114 million yuan, with earnings per share of 0.33 yuan, up 106.25 percent, reports 163.com, citing a company filing. Sales revenue hit 426 million yuan.

The company plans to invest 25 million yuan to buy 25 million shares of Guangdong Huadu Zhouzhou Town Bank, or 10 percent of the bank's total equity.

The bank is currently being established.

Source:Capitalvue