Angel Yeast's (SHA:600298) net profit attributable to shareholders in the first half rose 10% to 880.9 million yuan from 799.4 million yuan in the previous year, according to a weekend filing with the Shanghai bourse.
The Chinese food company's shares dropped 5% during Monday's afternoon trade.
Earnings per share increased 9.7% year on year to 1.02 yuan from 0.93 yuan.
Operating revenue increased 16% to 9.19 billion yuan from 7.90 billion yuan in the previous year.
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