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FINWIRES

Hoshine Silicon Returns to Profit in H1

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Hoshine Silicon Industry (SHA:603260) returned to profit in the first half, turning around to a net profit attributable to shareholders of 324.5 million yuan from the year-ago attributable loss of 397.1 million yuan, according to a Shanghai bourse filing on Wednesday.

Earnings per share were 0.28 yuan compared to a loss per share of 0.34 yuan a year earlier.

Operating revenue rose 3.9% to 10.2 billion yuan from 9.78 billion yuan in the previous year.

The Chinese silicon-based materials maker's shares closed 2% higher.

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