Huabao Flavours & Fragrances' Profit Falls 6% in Q3
MT Newswires Live
Oct 28
Huabao Flavours & Fragrances (SHE:300741), a unit of Huabao International (HKG:0336), reported a net profit attributable to shareholders of 63.6 million yuan for the third quarter ended Sept. 30, down 6% from a year earlier, according to a Monday Hong Kong bourse filing.
Shares of the parent Huabao fell nearly 1% in Tuesday morning trade.
Earnings per share for the quarter came in at 0.10 yuan, down 9% from the prior-year period.
Revenue declined 5% to 389.8 million yuan.
For the nine months ended Sept. 30, net profit attributable to shareholders dropped 57% to 77.0 million yuan, with earnings per share coming in at 0.13 yuan.
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