Article: XINHUA DEPARTMENT STORE H1 NET PROFITS UP 23.02%


AsiaInfo Services
08-15-2008
Xinhua Department Store H1 Net Profits up 23.02%

YINCHUAN, Aug 15, 2008 (SinoCast via COMTEX) -- Yinchuan Xinhua Department Store Co., Ltd. (SHSE: 600785) posted net profits of CNY 63.1897 million for the first two quarters of 2008, rising 23.02% from January-June 2007, according to the company's financial statement on August 14.

Sales revenues and total profits respectively grew 6.63% and 25.71% year on year to CNY 1.3933 billion and CNY 90.6975 million. Net profits attributable to the parent company jumped 23.02% from a year earlier to CNY 63.1897 million and basic earnings per share stood at CNY 0.51.

In the first half, the Shanghai-listed company strived ...

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