In The First Half Of, YOUNGOR Made A Big Profit.
YOUNGOR semi annual report, which includes three major businesses, including textile and garment, real estate and securities investment, has been released recently.
The three industries are not doing well this year, but YOUNGOR's performance is still growing against the trend.
The semi annual report showed that the net profit of the company in the first half of the year was 1 billion 942 million yuan, up 49.22% over the same period last year. Net profit after deducting non recurring gains and losses was 795 million yuan, an increase of 66.23% over the same period last year, and the earnings per share were 0.8722 yuan, up 49.22% over the same period last year. After deducting non recurring gains and losses, the earnings per share were 0.3571 yuan, up 66.25% from the same rate.
Net assets yield 16.24%, an increase of 3.74 percentage points over the same period last year.
Half year report shows that YOUNGOR's net profit in the first half of the year is still mainly supported by "non recurring gains and losses", which accounts for about 59% of net profit.
In the company's non recurring profit and loss items, other non recurring items account for 1 billion 45 million yuan, including 890 million 540 thousand yuan after the sale of CITIC Securities shares.
According to the relevant provisions of the IRS, the company's pfer of CITIC equity proceeds in 2007 can be included in the taxable income from 2007 to 2011.
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