Shanghai Ind says H1 net falls 44 percent

Newswire

HONG KONG, Aug 25 (Reuters) - China-backed conglomerate Shanghai Industrial Holdings Ltd. said on Thursday its first-half earnings fell 44 percent. The firm, which is controlled by the Shanghai municipal government and has interests ranging from milk and cigarettes to auto parts and toll roads, posted a net profit of HK$521 million ($66.8 million) in the first six months of 2005. The company earned a restated HK$927 million in the same period a year ago. No analysts' forecasts were ...

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