August 9 -- Shanxi Tond Chemical (002360), a producer of explosives, recorded a 27.67 percent year-on-year rise in first half 2011 net profit to 27.37 million yuan, reports p5w.net, citing a company filing.

Sales revenue increased 88.26 percent year-on-year to 225 million yuan.

The company predicts a 20-50 percent year-on-year increase in net profit for the first nine months.

During the first nine months of 2010, the company had posted a net profit of 37.16 million yuan.

Source:CapitalVue