Article: HUAMAO TEXTILE NET PROFIT SOAR 88% IN 06


AsiaInfo Services
03-08-2007
Huamao Textile Net Profit Soar 88 in 06

SHANGHAI, Mar 08, 2007 (SinoCast via COMTEX) -- Anhui Huamao Textile Co., Ltd. (SZSE:000850), a state-owned textile and knitting enterprise, obtained CNY 101 million of net profit last year, which represented a year-on-year surge of 87.88.

Financial report of the company, located in Anqing city, eastern China's Anhui Province, showed prime operating revenues touched CNY 1.266 billion in 2006, rising 14.36 over the same period of the previous year. Eearnings per share were CNY 0.16 while return of assets hit 9.28.

The company met many hardships last year. ...

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