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Jiangsu Eastern Shenghong Q1 Profit Jumps 320%, Shares Rise 6%

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-- Jiangsu Eastern Shenghong (SHE:000301) posted first-quarter attributable net profit of 1.43 billion yuan, up 320% from 341.2 million yuan the previous year.

Earnings per share rose to 0.21 yuan from 0.05 yuan, according to a Wednesday filing with the Shenzhen bourse.

Operating revenue went up 5.7% year over year to 32.0 billion yuan from 30.3 billion yuan.

Shares of the real estate developer were up 1% in recent trade.

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