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FINWIRES

Sailun Group Q1 Profit Up 2%; Shares Jump 8%

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-- Sailun Group (SHA:601058) posted first-quarter attributable net profit of 1.06 billion yuan, up 1.7% from 1.04 billion yuan the previous year.

Earnings per share remained at 0.32 yuan, according to a Tuesday filing with the Shanghai bourse.

Revenue rose 12% year over year to 9.46 billion yuan from 8.41 billion yuan.

Shares of the tire manufacturer were up 8% in recent trade.

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