Singyes So­lar profit rises on green de­mand

China Daily (USA) - - BUSINESS -

China Singyes So­lar Tech­nolo­gies Hold­ings Ltd, a project-en­gi­neer­ing con­trac­tor, said first-half profit rose 41 per­cent as its green-build­ing and so­lar-project busi­nesses ex­panded. Net in­come was 315.6 mil­lion yuan ($47 mil­lion) in the six months through June, up from 223.2 mil­lion yuan a year ear­lier, the com­pany said in a fil­ing to theHong Kong Stock Ex­change on Tues­day. The re­sult was broadly in line with the com­pany’s fore­cast of an in­crease of at least 40 per­cent in profit. Sales rose 25 per­cent to 2.72 bil­lion yuan.

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