Sinotruk (Hong Kong)'s H1 Profit Jumps on Higher Revenue; EPS Hits Estimates

MT Newswires Live08-23

Sinotruk (Hong Kong)'s (HKG:3808) attributable profit rose to 3.29 billion yuan in the first half from 2.36 billion yuan in the year-ago period, according to a Thursday filing with the Hong Kong Stock Exchange.

Earnings per share at the heavy-duty equipment maker increased to 1.20 yuan, in line with Visible Alpha estimates, from 0.85 yuan a year earlier.

Revenue grew to 48.8 billion yuan from 41.4 billion yuan in the previous year. Visible Alpha analysts forecast revenue at 45.3 billion yuan.

The company declared an interim dividend of HK$0.72 per share, payable Nov. 22 to shareholders on record as of Sept. 11.

Price (HKD): $20.55, Change: $+0.10, Percent Change: +0.49%

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