TABLE-China's Fuyao Glass H1 net rises 5.4 pct

Sun Aug 10, 2008 9:08pm EDT
 
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 Aug 11 (Reuters) - Six months ended June 30,2008
 (in millions of yuan unless stated, against 2007 figures):
                                  2008              2007
 Turnover                      2,897.74    vs     2,272.84
 Net profit                      440.31    vs       416.70
 Earnings per share (yuan)         0.22    vs         0.21
 Assets per share   (yuan)         1.73    vs         3.52*
* Assets per share figure for 2007 is as of the year-end.
 Company: Fuyao Group Glass Industries Co Ltd (600660.SS),
based in the southeast Chinese province of Fujian, is China's top
automotive glass maker.
 Note: The company published unaudited results, compiled under
domestic accounting standards, on Monday.
 Fuyao Glass said the rising price of oil and raw materials
contributed to a 35.4 percent rise in operating costs for the
period.
 The company said it aimed for full-year turnover of 6.3
billion yuan ($918.7 million), noting a slowdown in growth of the
domestic auto industry and weakness in the property sector. It
posted turnover of 5.17 billion yuan in 2007, up 31 percent from
the previous year.
 ($1=6.857 Yuan)
 (Reporting by Edmund Klamann in Shanghai; editing by Jonathan
Hopfner)

 

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