Sinofert profit steady at 448m yuan

Sinofert (0297) reported a net profit of 448 million yuan for the first half, steady year-on-year.

The company did not declare an interim dividend. The basic earnings per share were 6.38 fen.

Revenue fell by 11.37 percent to 12.55 billion, mainly because market prices dropped significantly and the price of some products fell to the lowest level in recent years.

Sinofert's sales volume increased by 2.44 percent to 7.15 million tons in the first six months.