WISCO's H1 Profits Up 90 pct

WISCO announced in its interim results the company had an operating profit of 1.29 billion yuan and a net profit of 963 million yuan in the first half of this year, both up nearly 90 percent from a year earlier. The report also warned the automobile, home appliance and real estate markets began worsening from July and August, making sales in these markets even harder. Still, raw material costs are on the rise, squeezing mills' margins in the future.