CRRC's Attributable Profit Jumps 72% in H1; Hong Kong Shares Jump 5%

MT Newswires Live

08/25

CRRC (SHA:601766, HKG:1766) attributable profit rose 72% to 7.25 billion yuan in the first half from 4.20 billion yuan in the year-ago period, according to a Saturday filing with the Shanghai bourse.

Shares jumped 5% in Hong Kong and 4% in Shanghai during morning trading on Monday.

Earnings per share at the rail transit equipment manufacturer grew 67% to 0.25 yuan from 0.15 yuan in the prior-year period.

Revenue increased 33% to 119.8 billion yuan from 90 billion yuan in the year-ago period.

The company declared an interim dividend of 0.11 yuan per share, payable Dec. 31.

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