Nanshan Aluminum 2011 Earnings Up 30.1%

(China Aluminium Network) Shandong Nanshan Aluminium posted a 30.80 percent year-on-year rise in 2011 net profit to 1.02 billion yuan on a 45.28 percent increase in sales revenue to 13.33 billion yuan, reports 163.com, citing a company filing. Earnings per share hit 0.53 yuan, up 26.19 percent.

Based on total equity of 1.93 billion shares, the company plans to distribute cash dividends of 0.1 yuan (including tax) for every 10 shares held. The total amount of dividends to be paid out will hit 193.42 million yuan.

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