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Yunnan Energy New Material Q1 Profit Jumps 902%; Shares Down 5%

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-- Yunnan Energy New Material Co (SHE:002812) posted first-quarter attributable net profit of 260.3 million yuan, up 902% from 26.0 million yuan the previous year.

Earnings per share rose to 0.27 yuan from 0.03 yuan, according to a Thursday filing with the Shenzhen bourse.

Revenue climbed 43% year over year to 3.91 billion yuan from 2.73 billion yuan.

Shares of the paper packaging materials manufacturer were down 5% in recent trade.

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