Zhejiang Huayou Cobalt's (SHA:603799) attributable profit rose 68% to about 6.30 billion yuan in the first half from 3.74 billion yuan in the year-ago period, according to a Wednesday filing with the Shanghai Stock Exchange.
Earnings per share at the cobalt supplier increased to 1.86 yuan from 1.51 yuan in the prior-year period.
Operating revenue grew 49% year over year to 55.6 billion yuan from 37.2 billion yuan.
Shares in the cobalt supplier fell 4% during afternoon trading on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.