CICC's Q3 Profit Declines 40%

MT Newswires Live10-31

China International Capital Corp. or CICC (HKG:3908, SHA:601995) recorded a third-quarter profit attributable to shareholders of 630.1 million yuan, down 39.8% from a year ago.

Basic earnings per share was 0.093 yuan for the three months ended Sept. 30, down 49.01% a year earlier.

The investment management and financial services company's operating revenue for the quarter was 4.54 billion yuan, 10% lower than a year ago.

The company's shares were down over 2% in recent trade.

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