Huali Industrial H1 Profit Down 43%, Revenue Declines 14%

MT Newswires Live

08/21

Huali Industrial (SHE:300979) posted first-half attributable net profit of 952.5 million yuan, down 43% from 1.67 billion yuan the previous year.

Earnings per share declined to 0.82 yuan from 1.43 yuan, according to Friday filings with the Shenzhen bourse.

Operating revenue declined 14% year over year to 10.9 billion yuan from 12.7 billion yuan.

The footwear manufacturer declared an interim dividend of 1.00 yuan per share.

Shares of Huali Industrial were down 3% Friday.

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