China Merchants Shekou's H1 Profit Drops 64%, Revenue Rises 6%

MT Newswires Live

08/31

China Merchants Shekou Industrial Zone's (SHE:001979) net profit attributable to shareholders in the first half dropped 64% to 528.1 million yuan from 1.45 billion yuan a year earlier, according to a Shenzhen bourse filing on Saturday.

The property developer's shares slumped 9% at the close of Monday's trade.

Earnings per share fell 57% year on year to 0.06 yuan from 0.14 yuan.

Operating revenue rose 6.4% to 54.8 billion yuan from 51.5 billion yuan in the prior year.

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