Sinotrans' Q1 Profit Slides 20%

MT Newswires Live
Yesterday

Sinotrans (HKG:0598, SHA:601598) recorded a 20% decline in attributable profit in the first quarter to 645 million yuan from a restated profit of 803.8 million yuan in the year-ago period, a Tuesday Hong Kong bourse filing said.

Earnings per share fell to 0.089 yuan in the three months from 0.1102 yuan in the same period last year.

The logistics company's operating income fell 2.2% to 23.8 billion yuan in the quarter from a restated operating income of 24.3 billion yuan a year prior.

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