CHINA: Lianhua posts 56% rise in H1 net profit
Chinese supermarket operator Lianhua has posted a 56% rise in first-half net profit, boosted by strong sales growth. Net profit rose to 85.1m yuan (US$10.3m) for the six months to 30 June, compared to 54.6m yuan a year earlier. Revenue rose to 4.56bn yuan from 2.43bn yuan in the year-ago period, helped by the expansion of the company's retail network, reported Dow Jones International News.
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