China Risun's H1 profit jumps 376% as margins, not volume, drive recovery

The first-half profit of China Risun Group, the country's largest coke producer, surged 376% year on year, far outpacing a 5.2% rise in revenue, as stronger margins across its coke and chemical businesses drove a stunning earnings recovery.

The Hong Kong-listed coke, coking chemicals and refined chemicals producer reported a profit of Yuan 244.4 million ($36 million) for the six months ended June 30 on revenue of Yuan 21.86 billion, according to its unaudited interim results published on September 1. Gross profit rose 37.7% to Yuan 2.31 billion,