China Communications Construction H1 Profit Almost Flat as Revenue Falls 2.5%; Shares Down 7%

MT Newswires Live09-02

China Communications Construction (SHA:601800, HKG:1800) posted first-half net profit attributable to shareholders of 11.40 billion yuan, down 0.59% from 11.47 billion yuan the previous year.

The infrastructure construction company's diluted earnings per share ticked down to 0.66 from 0.67, according to a filing with the Shanghai bourse.

Operating income was down 2.52% year over year to 357.45 billion yuan from 366.68 billion yuan.

China Communications Construction declared a cash dividend of 1.4005 yuan per 10 shares.

Shares of the company were down 8% in Shanghai and more than 5% in Hong Kong in recent trade.

Price (HKD): $7.73, Change: $-0.67, Percent Change: -7.98%

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

We need your insight to fill this gap
Leave a comment