China Conch Venture H1 Profit Drops 35%; Shares Slide Over 5%

MT Newswires Live08-28

China Conch Venture Holdings (HKG:0586) reported a profit attributable to equity holders of 1.18 billion yuan in the first half ended June 30, down from 1.82 billion yuan in the prior-year period, according to a Tuesday filing with the Hong Kong Stock Exchange.

Earnings per share for the company was 0.67 yuan, compared with 1.00 yuan in the year-ago half.

The company's revenue was 3.13 billion yuan compared with 4.44 billion yuan in the previous year's period.

The company's stocks were down by over 5% in recent trading.

Price (HKD): $5.91, Change: $-0.32, Percent Change: -5.14%

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