Shuanghui Investment & Development Q3 Net Profit Leapt 28.9%

Henan Shuanghui Investment & Development Co., Ltd. (SZSE: 000895) issued its fiscal report for the third quarter of 2009, showing that net profit hit CNY 263 million, leaping 28.97% over the figure in the same period of a year earlier.

Operating revenue hit CNY 7.697 billion in the third quarter of this year, up 5.25% over the figure in the same period of a year earlier; net assets per share were CNY 4.38, rising 10.89%; earnings per share were CNY 0.43, leaping 29.45%.

Operating revenue and total profits in the third quarter of this year jumped 36.59% and 37.44% over the figure in the same period of a year earlier, which is attributed to falling cost thanks to dropping prices of raw materials.

Sales expense witnessed a year-on-year jump of 36.34%, which is due to that the listed company enhanced the expansion of market and added investments in advertisements and promotions.

Source: www.163.com (October 26, 2009)

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