Kingfa Sci & Tech Q1 Profit Up 24%, Revenue Inches Down
Kingfa Sci & Tech (SHA:600143) posted first-quarter attributable net profit of 305.1 million yuan, up 24% from 246.6 million yuan the previous year.Earnings per share rose to 0.1186 yuan from 0.0935 yuan, according to a Tuesday filing with the Shanghai bourse.Operating revenue inched down 0.5% year over year to 15.6 billion yuan from 15.7 billion yuan.Shares of the plastic products manufacturer were down 1% in recent trade.