Sinoma net profit growth seen at more than 50%

Sinoma net profit growth seen at more than 50%
Published: 08 July 2010

China National Materials Company Limited announced that Sinoma International Engineering Co., Ltd, a A share listed subsidiary of the company, expected net profit attributable to the owners for the six month ended 30 June 2010 to increase by over 50% as compared to the corresponding period of 2009.
 
For the period of six months ended 30 June 2009, net profit attributable to the owners of Sinoma International was RMB316.86 million and earnings per share was RMB0.79.
 
The expected growth of results will be attributable to the increase in revenue of principal business of Sinoma International; enhancement on cost control; and profit attributable to minority shareholders arising from the private placement of Sinoma International for the first quarter of 2009 was not included in the net profit attributable to the owners of Sinoma International for the six months ended 30 June 2009.