Shanghai Ind posts modest rise in H1 profit


HONG KONG, Aug 29 (Reuters) - Shanghai Industrial Holdings Ltd , a sprawling conglomerate controlled by the city's government, on Friday posted a modest rise on first-half net profit. Shanghai Industrial, whose businesses range from milk and cigarettes to auto parts and road projects, reported net profit rose 1.3 percent at HK$491.49 million (US$63 million) in the first half of the year, against HK$485.28 million a year ago. The interim results beat ABN Amro earnings' estimate of HK$461 ...

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