Chigo Holding Limited announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported turnover of RMB 5,440,369,000 compared to RMB 5,436,372,000 a year ago. Profit before taxation was RMB 102,069,000 compared to RMB 58,375,000 a year ago.

Profit for the period and total comprehensive income for the period attributable to owners of the company was RMB 41,031,000 or 0.49 cents per basic and diluted share compared to RMB 22,302,000 or 0.26 cents per basic and diluted share a year ago. The increase in turnover was primarily due to the growth in domestic sales slightly outweighing the drop in sales of overseas markets. Net cash from operating activities was RMB 1,169.8 million compared to net cash used in operating activities of RMB 804.3 million a year ago.

During the period under review, the group continued to invest in fixed assets and applied RMB 119.8 million and RMB 37.0 million (June 30, 2013: RMB 157.1 million and RMB 141.7 million respectively) for purchase and deposits paid on acquisition of property, plant and equipment respectively for its future business expansion and development.