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Memstar posts 171% rise in net profit to $1.3m

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Memstar Technology, the manufacturer and supplier of polyvinylidene fluoride (PVDF) hollow fibre membrane and membrane products in China, says profit after tax rose 170.7% to RMB6.2 million ($1.28 million) in the second quarter ended Dec 31 2009 (2Q FY2010) from RMB2.3 million in (2Q FY2009).

Earnings per share correspondingly increased to RMB0.24 cents in 2Q FY2010 compared to RMB0.09 cents in 2Q FY2009.

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