China Railway Group's H1 Profit Down 17%, Revenue Declines 6%

MT Newswires Live
09/01

China Railway Group (SHA:601390, HKG:0390) posted first-half attributable net profit of 11.8 billion yuan, down 17% from 14.3 billion yuan the previous year.

Earnings per share slid to 0.412 yuan from 0.532 yuan, according to a filing with the Shanghai bourse. The recent figure was below Visible Alpha estimates of 0.46 yuan.

The infrastructure construction company's operating revenue declined 5.9% year over year to 511.1 billion yuan from 543.3 billion yuan. Analysts surveyed by Visible Alpha predicted a revenue of 523.7 billion yuan.

Shares of China Railway Group were down 1% in recent trade on the Shanghai and Hong Kong bourses.

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