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Ningxia Western Venture Industrial posts H1 profit

Ningxia Western Venture Industrial Co. Ltd. said its normalized net income for the first half was 45.6 million yuan.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue came to 287.4 million yuan, and total operating expenses came to 209.7 million yuan.

Reported net income totaled 61.4 million yuan, or 2 fen per share.

As of Nov. 20, US$1 was equivalent to 6.39 yuan.