North Industries Group Red Arrow Falls top H1 Loss, Revenue Rises 17%

MT Newswires Live

08/22

North Industries Group Red Arrow (SHE:000519) fell to first-half attributable net loss of 40.7 million yuan, compared with profit of 44.6 million yuan the previous year.

Loss per share stood at 0.0292 yuan, versus earnings per share of 0.0320 yuan, according to a Friday filing with the Shenzhen bourse.

The defense products manufacturer's operating revenue rose 17% year over year to 2.19 billion yuan from 1.87 billion yuan.

Shares of the company declined 1% in recent trade.

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