Sieyuan Electric's Attributable Profit Rises 15% in H1; Shares Rise 4%
Sieyuan Electric (SHE:002028) attributable profit rose 15% to 1.49 billion yuan in the first half from 1.29 billion yuan in the year-ago period, according to a Saturday filing with the Shanghai/Shenzhen bourse. Earnings per share at the power transmission and distribution equipment company increased 14% to 1.90 yuan from 1.66 yuan in the previous year. Total operating revenue grew 27% year over year to 10.8 billion yuan from 8.50 billion yuan. Shares rose 4% during afternoon trading on Monday.
Sieyuan Electric (SHE:002028) attributable profit rose 15% to 1.49 billion yuan in the first half from 1.29 billion yuan in the year-ago period, according to a Saturday filing with the Shanghai/Shenzhen bourse.
Earnings per share at the power transmission and distribution equipment company increased 14% to 1.90 yuan from 1.66 yuan in the previous year.
Total operating revenue grew 27% year over year to 10.8 billion yuan from 8.50 billion yuan.
Shares rose 4% during afternoon trading on Monday.