August 2 – Shandong Pharmaceutical Glass (600529) posted a 10.93-percent year-on-year fall in net profits for first half of 2011 to 83.6 million yuan, reports yicai.com, citing a company filing. Earnings per share hit 0.32 yuan while sales amounted to 725 million yuan. Its main products, including molded pharmaceutical glass containers, aluminum tops, and butyl rubber plugs, sold well during that period.

However, the firm experienced a five-percent year-on-year drop in operating profit margins as a result of higher raw material and labor costs.

Shandong Pharmaceutical Glass, which was founded in 1970, has not completed that approval to be listed as a high-tech firm, so its corporate tax remains at 25 percent.

Source:CapitalVue