Yingde Gases Group Company Limited has announced the interim results of the group for the six months ended 30th June 2011, with a statement revealing that turnover of the group rose 56.5% compared with the same period in 2010.
Profit attributable to equity shareholders of the group was RMB 492m, representing an increase of 51.1%. Earnings per share were RMB 0.272.
During the reporting period, the group remained strong in its financial position with what it described as ‘abundant working capital’. “The cash at bank and in hand was RMB 1.550m,” the company explained.
Market factors
With that 56.5% increase in group turnover, Yingde Gases is now achieving turnover of RMB 2.060m.
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