Shenwan Hongyuan Group H1 Profit Down 43%; Shanghai Shares Fall 6%

MT Newswires Live09-02

Shenwan Hongyuan Group Co (HKG:6806, SHE:000166) reported a profit attributable to the shareholders of 2.1 million yuan in the first half ended June 30, down 43% from 3.7 million yuan in the prior-year period, according to a Friday filing with the Hong Kong Stock Exchange.

Earnings per share nearly halved to 0.08 yuan from 0.15 yuan in the year-ago period.

The company's revenue fell 9% to 15.9 million yuan from 17.5 million yuan the previous year.

The board declared an interim dividend of 0.0017 yuan per share.

Shenwan Hongyuan's shares were down by nearly 3% in Hong Kong and more than 6% in Shanghai in recent trading.

Price (HKD): $1.44, Change: $-0.040, Percent Change: -2.70%

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