Sieyuan Electric's Attributable Profit Rises 15% in H1; Shares Rise 4%

MT Newswires Live07-13 14:17

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.

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