Article: EERDUOSI H1 NET PROFITS FLIED 200%


AsiaInfo Services
08-18-2008
Eerduosi H1 Net Profits Flied 200%

BAOTOU, Aug 18, 2008 (SinoCast via COMTEX) -- Inner Mongolia Eerduosi Cashmere Products Co., Ltd. (SHSE: 600295) reaped net profits of CNY 350.57 million in January-June 2008, swelling 200% from the same period of the previous year.

Operating revenues jumped 77% year on year to CNY 4.31743 billion and operating profits flied 208% to CNY 699.76 million. Earnings per share stood at CNY 0.34.

In H1, Eerduosi adjusted the market structure for its cashmere products, lowered down export proportion, and further expanded the domestic market, in a bid to offset pressures caused by the appreciation of ...

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