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Neway Valve (Suzhou)'s Attributable Profit Jumps 15% in H1

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Neway Valve (Suzhou)'s (SHA:603699) attributable profit rose 15% to 733.4 million yuan in the first half from 636.6 million yuan in the year-ago period, according to a Saturday filing with the Shanghai Stock Exchange.

Basic earnings per share at the industrial valve maker increased to 0.95 yuan from 0.83 yuan in the prior-year period.

Operating revenue grew 14% year over year to nearly 3.90 billion yuan from 3.40 billion yuan.

Directors declared a dividend of 4.20 yuan per 10 shares, or 0.42 yuan per share.

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Neway Valve (Suzhou)'s Attributable Profit Jumps 15% in H1 | FINWIRES