China State Construction Engineering's Profit Falls 7.5% on Weak Construction Market

MT Newswires Live

11小时前

China State Construction Engineering's (SHA:601668) net profit fell 7.5% in the first quarter to 13.9 billion yuan from 15 billion yuan, according to a Wednesday filing with the Shanghai Stock Exchange.

Earnings per share edged down to 0.33 yuan from 0.36 yuan.

Revenue declined 7.8% to 511.8 billion yuan from 555.4 billion yuan.

The company attributed its lackluster earnings to the weakening demand in the construction market.

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