Changan Minsheng APLL Logistics Expects H1 Profit to Fall Up to 52%
MT Newswires Live
Aug 04
Changan Minsheng APLL Logistics (HKG:1292) expects net profit attributable to shareholders in the six months ended June 30 to be between 20 million yuan to 25 million yuan, down 39.7% to 51.8% from a year earlier.
The company expects revenue of 4.45 billion yuan to 4.60 billion yuan for the six months ended June 30, up 6.9% to 10.5% year over year, according to a Tuesday Hong Kong filing.
The company attributed the weaker profit to a shift in a major customer's business mix that reduced demand for higher-margin domestic logistics services and weighed on gross profit margin.
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