Hainan rubber in the first half year net profit down 50%

Hainan Natural Rubber Industry Group Co., Ltd. has released the results of pre-cut announcement, expected 2012, 1-6 in the net profit attributable to equity holders with the same period last year, down more than 50%.

The announcement said the Hainan Rubber preliminary estimates, in the first half of 2012, the performance of the company decreased substantially, mainly due to the sales price of natural rubber products compared to the same period last year fell sharply. January 2011-June net profit of the owners of the parent of Hainan Rubber attribution of about 422 million yuan basic earnings per share were 0.11 yuan.

Controlled enterprises as the country’s largest natural rubber resources, Hainan rubber in the Shanghai Stock Exchange on January 7, 2011 listed on the domestic capital market, the field of natural rubber shares, the company is now 353 million mu of Hainan has a vast, contiguous stretches of rubber plantations .

Source: Hainan Daily

Translated by Google Translator from http://news.cria.org.cn/6/9784.html

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