July 29 -- Hubei Yihua Chemical Industry (000422) posted a 41.73-percent year-on-year increase in net profits from the first half of 2011 to 465 million yuan, with earnings per share of 0.86 yuan, reports p5w.net, citing a company filing.

Revenue rose 46.08 percent year-on-year to 7.33 billion yuan during the reporting period.

Yichang-based Yihua Chemical, which is Asia's largest pentaerythritol manufacturer, attributed the growth to rising urea prices and the strong performance of Guizhou Yihua and Yihua Fertilizer Industry.

Source:CapitalVue