Xinxing Ductile Iron Pipes posts 15.6 percent rise in net profit for H1

On August 20, Hebei Province-based Chinese pipe producer Xinxing Ductile Iron Pipes Co. issued its financial results for the first half of the current year.
 
In the given period, Xinxing Ductile Iron Pipes achieved an operating revenue of RMB 30.85 billion ($4.9 billion), up 14.3 percent compared to the same period of last year. Meanwhile, its net profit in the given six-month period totaled RMB 682 million ($107.6 million), up 15.6 percent year on year.