June 29 – Liao Ning Oxiranchem (300082) predicted that net profits for the first half of 2011 might between 110 million and 120 million yuan, up 80-100 percent year-on-year, reports p5w.net, citing a company filing.

The firm earned 61.05 million yuan in net profit the same period one year ago.

Both output and sales volume increased sharply on a year-on-year basis. The company has been actively seeking to lower costs, improve technology and expand profitability.

Source:CapitalVue