Songfa Ceramics' Attributable Profit Jumps More Than Fivefold in H1

MT Newswires Live

Aug 25

Guangdong Songfa Ceramics' (SHA:603268) attributable profit surged 458%, or around 5.6 times, to 3.61 billion yuan in the first half from 647.1 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai Stock Exchange.

Earnings per share at the ceramics manufacturer increased to 3.72 yuan from 2.62 yuan in the prior-year period.

Operating revenue jumped 252% year over year to 23.5 billion yuan from 6.68 billion yuan.

Shares in the ceramics maker rose 2% during morning trading on Tuesday.

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