Jiangsu Hengli Hydraulic's H1 Profit Rises 11%, Revenue Increases 7%

MT Newswires Live08-26

Jiangsu Hengli Hydraulic's (SHA:601100) net profit attributable to shareholders rose 11% year on year to 1.43 billion yuan, or 1.07 yuan per share, in the first half, according to a Shanghai bourse disclosure on Tuesday.

The Chinese hydraulic products manufacturer's attributable profit a year earlier was 1.29 billion yuan, or 0.96 yuan per share.

Operating revenue increased 7% to 5.17 billion yuan from 4.83 billion yuan in the previous year.

The company's shares rose 1% during the afternoon trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment