Luoyang Glass net rises

H share Chinese Luoyang Glass recently posted a net profit of Yuan 79.66 million for the six months to June 30, against Yuan 32.2 million in the same period a year earlier. Turnover fell to Yuan 389.9…

H share Chinese Luoyang Glass recently posted a net profit of Yuan 79.66 million for the six months to June 30, against Yuan 32.2 million in the same period a year earlier. Turnover fell to Yuan 389.9 million from Yuan 425.36 million a year earlier. Earnings per share amounted to Yuan 0.011, against Yuan 0.046. Directors did not declare an interim dividend. The results were compiled according to Chinese accounting standards. Chairman Guo Xiaohuan said the company had accounts receivable worth Yuan 201.48 million as of June 30. It made no provision for bad credit during the period.