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Jiangzhong Pharmaceutical soars over 8% on 2009 profit rise

(Xinhua)
Updated: 2010-01-28 14:06
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Shares in Jiangxi Jiangzhong Pharmaceutical, one of China's major medicine makers, soared 8.27 percent to close at 27.9 yuan ($4.1) per share on Wednesday after a 43-percent increase in annual net profits last year.

It rose as much as 9.24 percent in the afternoon trading session, close to its daily limit of 10 percent.

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In a brief statement of its 2009 annual report filed to the Shanghai Stock Exchange, the company said its total profit reached 239.2 million yuan in 2009, up 43 percent from a year earlier. Its earnings per share rose 30 percent to 0.66 yuan in 2009.

The profit figures have not yet been audited. Jiangzhong did not give reasons behind profit increase.