ZTO Express' Q2 Profit Rises on Higher Revenue

MT Newswires Live08-21

ZTO Express (Cayman) (HKG:2057) attributable profit rose to 2.61 billion yuan in the second quarter from 2.54 billion yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.

Earnings per share at the logistics company increased to 3.16 yuan from 3.07 yuan. Analysts at Visible Alpha estimated EPS of 2.98 yuan.

Revenue grew to 10.7 billion yuan, in line with Visible Alpha analysts' estimates, from 9.74 billion yuan in the year-ago period.

The company declared an interim dividend of $0.35 per share, payable Oct. 10 to shareholders on record as of Sept. 10.

For the first half, attributable profit fell to 4.04 billion yuan from 4.21 billion yuan. EPS slid to 4.90 yuan from 5.10 yuan. Revenue rose to 20.7 billion yuan from 18.7 billion yuan.

Price (HKD): $158.70, Change: $+3.5, Percent Change: +2.26%

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