Double Coin (600623.SH) H1 net profits up 40pct y-o-y

Leading domestic tire manufacturer Double Coin Holdings posted late Monday net profits of 162.5 million yuan for the first half of 2013, up 40% from a year ago.

The company's operating revenues for the January-June period came to 7.056 billion yuan, a rise of 16.41% year on year.

Earnings per share of the company stood at 0.183 yuan, up from 0.131 yuan registered in the same period of last year.

As of June 30, 2013, Double Coin produced a total of 4.183 million units of tire in the first half of 2013, representing a rise of 18.02 percent year on year.

(Edited by Olivia, Olivia@tireworld.com.cn)