Zhuzhou CRRC Times Electric's (HKG:3898, SHA:688187) attributable profit rose 31% to 1.51 billion yuan in the first half from 1.15 billion yuan in the year-ago period, according to a Friday filing with the Hong Kong Stock Exchange.
Earnings per share at the Chinese train manufacturer increased 32% to 1.07 yuan from 0.81 yuan in the previous year.
Revenue grew 20% to 10.3 billion yuan from 8.57 billion yuan a year earlier.
Shares closed 6% lower in Hong Kong and 8% down in Shanghai on Monday.
Price (HKD): $29.35, Change: $-1.9, Percent Change: -6.08%
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.
Comments