CSG Digital Power Grid Research's H1 Profit Surges 1,454%
MT Newswires Live
Aug 28
CSG Digital Power Grid Research Institute's (SHE:301638) net profit attributable to shareholders in the first half skyrocketed 1,454% to 202.4 million yuan from 13 million yuan in the previous year, according to a Friday disclosure on Shenzhen bourse.
Earnings per share surged 1,227% year on year to 0.0637 yuan from 0.0048 yuan.
Operating revenue jumped 42% to 2.22 billion yuan from 1.56 billion yuan a year earlier.
The digital power grid systems developer proposed to distribute a cash dividend of 0.30 yuan per 10 shares to shareholders.
The company's shares fell 2% during the afternoon trade.
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.