China Agri-Industries Holdings Ltd. (606 HK) announced for the six months ended June 30, 2011, its profit attributable to its owners increased by 21 percent to HK$1.6 billion. There was a 48 percent of increase in revenue to HK$33.6 billion. An interim dividend of HK7.9 cents per share was announced. (Hong Kong Economic Times A8)
For the first half of 2011, China Mengniu Dairy Company (2319 HK) recorded RMB790 million of net profit, up 27.6 percent year-on-year. The company announced no payment of interim dividend. Due to the rising cost in raw materials, its overall gross profit margin was 26 percent, down 0.2 percent. The company will raise product selling price if future gross profit margin lacks good performance. (Hong Kong Economic Times A8)
China Merchants Bank (3968 HK) accomplished a net profit attributable to shareholders of RMB18.6 billion, surging 40.88%. No interim dividend was declared. (SingTao Daily B3)
China Pharmaceutical Group (1093 HK) recorded a profit attributable to shareholders of HK$264 million, down 38.1%. EPS amounted to 17 HK cents. (SingTao Daily B6)
Evergrande Real Estate Group (3333 HK) saw its 1H net profit attributable to shareholders for the six months ended 30 June 2011 skyrocket 144.6% to RMB5.70 billion, with the GFA of contracted sales of 6.117 million square meters. It resolved not to declare any dividend. (SingTao Daily B4)
Giordano International (709 HK) saw its half-year profit attributable to shareholders jump 71.3% to HK$346 million, with EPS of 23.0 HK cents. The firm declared interim dividend of 15.0 HK cents a share. (SingTao Daily B6)
Due to the increase in production costs resulted from rising raw material prices, the net profit of Hengan International Group (1044 HK) dropped 1.7 percent year-on-year to HK$1,181 million for the first half year of 2011. An interim dividend of HK60 cents per share was announced.
(Hong Kong Economic Journal P6)
For the first half of 2011, Milan Station (1150 HK) recorded a net profit of HK$34.156 million, up 35 percent. After the company raised HK$203 million through public listing three months ago, it declared the payment of an interim dividend of HK1.52 cents per share and a special dividend of HK1.27 cents per share, totaling 46 percent of its basic earnings per share. (Hong Kong Economic Times A9)
Sun Art Retail Group (6808 HK) announced for the first half of 2011, its profit attributable to its shareholders amounted to RMB784 million, meeting the 55 percent of not less than RMB1,414 million of net profit targeted in the company’s forecast when it started public listing. Its earnings per share were RMB0.13. No interim dividend was announced. (Hong Kong Economic Times A9)
Weichai Power (2338 HK) booked a revenue of around RMB36,627 million in the 1H, up about 10.2% yoy. Net profit attributable to the shareholders of the parent amounted to roughly RMB3,502 million, up 8.3%. (SingTao Daily B5)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
