AECC Aviation Power Forecasts Up to 87% Fall in H1 Profit

MT Newswires Live
15 Jul

AECC Aviation Power (SHA:600893) forecasts first-half attributable net profit of between 80 million yuan and 92 million yuan, compared with 594.7 million yuan the previous year.

The aircraft engine manufacturer attributed the up to 87% decline to fluctuating customer demand, delayed contracts and higher borrowing costs, according to a Tuesday filing with the Shenzhen bourse.

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