TABLE-China's Wuhan Steel H1 net rises 37 percent

Aug 11 (Reuters) - Six months ended June 30, 2008

(in millions of yuan unless stated, against 2007 figures):

2008 2007

Operational revenues 39,208.39 vs 26,039.54

Net attributable 4,911.20 vs 3,597.29

Earnings per share (yuan) 0.627 vs 0.459

Assets per share (yuan) 3.492 vs 3.288*
* Asset per share figure for 2007 is as of the year-end.

Company: Wuhan Iron and Steel Co (600005.SS) is the listed
unit of China's fourth-largest steel maker.

Note: The company published unaudited results in the official
Shanghai Securities News on Monday.

Wuhan Steel said its profit rose in the first half of 2008 by
37 percent due to rising steel product prices and higher sales
volume.

The company produced 7.04 million tonnes of pig iron, 7.21
million tonnes of crude steel and 6.3 million tonnes of steel
products in the first half.

However, it said its operating costs rose in the first half
partly due to rising prices of raw materials and fuel, leading to
a drop in its gross margin.
($1=6.857 Yuan)
(Reporting by Alfred Cang in Shanghai; Editing by Edmund
Klamann)