Shenzhen MTC's H1 Profit Drops 41%, Revenue Rises 8%

MT Newswires Live

08/21

Shenzhen MTC's (SHE:002429) net profit attributable to shareholders in the first half dropped 41% to 391.2 million yuan from 661.5 million yuan a year earlier, according to a Shenzhen bourse filing on Friday.

The consumer electronics company's earnings per share fell 40% year on year to 0.09 yuan from 0.15 yuan.

Operating revenue rose 8.2% to 9.18 billion yuan from 8.48 billion yuan in the previous year.

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