Brief: Weiqiao Textile HY net profit RMB343 mln, up 9.2 pct
19/08/2016 13:53
Aug 19 (Reuters) - Weiqiao Textile Co Ltd 2698.HK : * Press release - Weiqiao Textile interim results announcement for the six months ended 30 June 2016 * HY net profit attributable to owners of the parent was approximately RMB343 million, representing an increase of approximately 9.2% * Directors did not recommend the payment of any interim dividend to the shareholders * In the second half of the year, we expect to witness uncertainties around the global economy with slow recovery * China's textile industry is expected to be able to maintain stable development momentum * HY revenue RMB4.38 billion down 9.9 percent * Source text for Eikon ID:nHKS9C90BV ((Further company coverage: 2698.HK )) ((Bangalore.newsroom@thomsonreuters.com))
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