TC

23/07/2014 12:24

Xinyi Solar (00968) 1H net up 1.5x to HK$200m; div HK1.6 cts

    Xinyi Solar (00968) said its profit attributable to equity holders for the six months ended 30 June 2014 surged 149.7% year-on-year to HK$200 million.
  Its basic and diluted earnings per share were HK3.51 cents.
  The revenue was HK$994 million, an increase of 15.7% from a year earlier.
  Overall gross margin increased to 33.7% from 25.9% in the same period last year, mainly due to the increase in average selling prices and improved cost efficiency as well as a change in product mix.
  The proposed interim dividend is HK1.6 cents (2013: nil) per share, payable on or before 8 September. 

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