Jason Furniture Q3 Profit Down 20%; Shares Rise 5%

MT Newswires Live

2024/10/28

Jason Furniture Hangzhou (SHA:603816) posted third-quarter net profit attributable to shareholders of 462.5 million yuan, or 0.2982 yuan per share, down 20% from the previous year.

The furniture manufacturer's Q3 revenue slid 7% year over year to 4.89 billion yuan, according to an Oct. 25 filing with the Shanghai Stock Exchange.

Shares of Jason Furniture Hangzhou rose 5% in recent trade.

Price (RMB): ¥34.28, Change: ¥+1.6, Percent Change: +4.83%

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