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China Merchants Expressway H1 Profit Up 4%; Shares Rise 4%

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China Merchants Expressway Network & Technology (SHE:001965) posted first-half attributable net profit of 2.60 billion yuan, up 4.1% from 2.50 billion yuan the previous year.

Earnings per share rose to 0.3752 yuan from 0.3684 yuan, according to a Tuesday filing with the Shenzhen bourse.

Operating revenue rose 27% year over year to 7.18 billion yuan from 5.66 billion yuan.

Shares of the toll expressway operator rose nearly 4% in recent trade.

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