SJM H1 Net Profit Rises 12%

SJM Holdings SJMHF reported a 12% gain in its first-half net profit. SJM's net profit for the period surged to HK$3.8 billion ($487 million), from HK$3.4 billion, in the year-ago period. However, analysts were expecting a profit of HK$3.6 billion. SJM shares closed at $2.60 yesterday.