CRRC's Profit Falls 11% in Q3; Shares Slide 9%

MT Newswires Live

10/31

CRRC (HKG:1766, SHA:601766) reported net profit attributable to shareholders of 2.72 billion yuan for the third quarter, down 11% from a year earlier, according to a Thursday Hong Kong bourse filing.

Hong Kong-listed shares of the firm were down 9% in Friday's afternoon trade.

Earnings per share came in at 0.09 yuan, compared with 0.11 yuan a year earlier.

Revenue for the quarter rose 2.5% to 64.1 billion yuan.

For the first nine months, net profit attributable to shareholders increased 37% to 9.96 billion yuan, while revenue grew over 20% to 183.9 billion yuan, the filing showed.

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