Monday 2011-08-22  16:10 Publisher: CapitalVue
August 22 -- Sichuan Youli Investment Holding (000584.SZ), a company involved in the textile, manufacturing, property and restaurant sectors, posted a 49.46 percent year-on-year fall in first half 2011 net profit to 30.57 million yuan, with earnings per share of 0.0748 yuan, reports p5w.net, citing a company filing.

Sales revenue fell 3.07 percent year-on-year to 618 million yuan.

According to the company, it suffered from a significant fall in the selling price of urethane elastic fiber, and demand for its textile products slowed.

In addition, the costs of labor and raw materials rose.

Source:CapitalVue