July 26 -- Anhui Chaodong Cement (600318) reported a net profit of 167 million yuan and earnings per share (EPS) of 0.7 yuan in the first half of 2011, reports 163.com, citing a company filing.

The company posted a loss of 14.13 million yuan, a per-share loss of 0.06 yuan, in the same period last year.

Chaodong Cement attributed the increase in net profit to an average 54.84 percent growth in product price during the accounting period.

Source:CapitalVue