Hikvision Digital Technology's H1 Profit Slides 5%, Revenue Climbs 10%; Shares Down 3%

MT Newswires Live08-19

Hangzhou Hikvision Digital Technology (SHE:002415) recorded a net profit attributable to shareholders of 5.06 billion yuan, or 0.539 yuan per share, in the first half of the year, according to a Saturday filing on the Shenzhen Stock Exchange.

The current attributable profit fell 5.1% from 5.34 billion yuan, or 0.568 yuan per share, a year earlier.

The Chinese video surveillance product manufacturer's revenue climbed 9.7% year on year to 41.2 billion yuan from 37.6 billion yuan, the company's earnings report said.

Shares of the company fell over 3% in recent trade.

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