SF Diamond Rises Most Since Debut After Reporting Profit Gain

Bloomberg reports SF Diamond Co.(SHE:300179)  gained the most since its trading debut in Shenzhen.

The market news is quoted as saying,

SF Diamond’s first-half earnings report implies a 53 percent increase in second-quarter net income from a year earlier, compared with a 57 percent decline for profit in the first-three months of the year. The company, based in the city of Zhengzhou in central China’s Henan province, said first- quarter profits fell partly due to one-time expenses associated with its listing.

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