Xiamen Tungsten Earnings Up 64.4%
Xiamen Tungsten (600549), a company which smelts and processes tungsten and other non-ferrous metals, recorded a 64.39 percent year-on-year rise in 2010 net profit to 349 million yuan, reports stcn.com, citing a company filing.
Basic earnings per share rose 64.37 percent to 0.51 yuan.
Sales revenue fell 12.62 percent year-on-year to 5.54 billion yuan.
The company plans to distribute cash dividends of two yuan (including tax) for every 10 shares held, based on its total equity of 681 million shares.
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