ZTO Express' Q2 Profit Falls

MT Newswires Live

08/20

ZTO Express (HKG:2057) reported 1.94 billion yuan in attributable profit for the quarter ended June 30, down from 2.61 billion yuan in the year-ago period, according to a Hong Kong bourse filing Wednesday.

Earnings per share were 2.37 yuan, compared with 3.16 yuan in the prior year.

Analysts at Visible Alpha estimated 3.14 yuan.

Revenue rose 10% year-on-year to 11.83 billion yuan, figures showed.

Analysts at Visible Alpha estimated 12.13 billion yuan.

The company declared a dividend of $0.3 per share, payable Oct. 24 to shareholders of record on Sept. 30.

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