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Yuntianhua's H1 Profit Rises 6%, Revenue Drops 9%; Shares Up 3%

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Yunnan Yuntianhua's (SHA:600096) net profit attributable to shareholders for the first half rose 6.1% to 2.93 billion yuan from 2.76 billion yuan a year earlier, according to a Tuesday disclosure on the Shanghai bourse.

Earnings per share increased year on year to 1.61 yuan from 1.52 yuan.

Operating revenue fell 8.9% to 22.8 billion yuan from 25.1 billion yuan in the previous year.

The board of directors proposed a cash dividend of 2 yuan for every 10 shares.

The high-quality diammonium phosphate supplier's shares rose nearly 3% during the morning trade.

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