Shenzhen MTC Q3 Profit Down 27%, Revenue Slips 19%

MT Newswires Live

10/23

Shenzhen MTC (SHE:002429) posted third-quarter attributable net profit of 338.9 million yuan, down 27% from the previous year.

Earnings per share fell 31% to 0.0710 yuan, according to a Thursday filing with the Shenzhen bourse.

The consumer electronics company's operating revenue fell 19% year over year to 5.41 billion yuan.

Shares of the company were up 1% in recent trade.

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