China International Marine Containers' Profit Falls 70% in Q3; Shares Lose 5%
MT Newswires Live
Oct 31
China International Marine Containers (HKG:2039, SHE:000039) reported net profit attributable to shareholders of 287.5 million yuan for the third quarter, down 70% from a year earlier, according to a Thursday Hong Kong bourse filing.
Hong Kong-listed shares of the firm were down 5% in Friday's mid-day trade.
Earnings per share came in at 0.048 yuan, a decrease of 73% year-on-year.
Revenue for the quarter fell 18% to 41 billion yuan.
For the first nine months, net profit attributable to shareholders dropped 14% to 1.57 billion yuan, while revenue declined 9.2% to 117.1 billion yuan, the filing showed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.