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China North Optical-Electrical profit up 34.4%

By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-01-15 16:14

Shanghai-listed China North Optical-Electrical Technology Co, the first wholly-listed company in China's military industry, said it recorded a 34.42 percent growth in net profits in 2008.

The company's annual revenue fell 8.44 percent to 1.15 billion yuan ($168 million).

China North Optical-Electrical, which went public in 2003, was the first Chinese mainland company to release its financial report this year.

Its EPS (earnings per share) was about 0.75 yuan, up 33.93 percent over a year earlier.

The company's shares jumped by 10.02 percent to close at 22.29 yuan on Thursday.