China CSSC's Q3 Profit Drops 57%, Operating Income Rises 5%; Shares Down 4%

MT Newswires Live2024-10-31

China CSSC (SHA:600150) posted a net profit attributable to shareholders of 858.3 million yuan or 0.192 yuan per share in the third quarter of the year, dropping 57% from the prior year, according to a Hong Kong Stock Exchange filing on Wednesday.

The Chinese shipbuilding conglomerate generated an operating income worth 20.2 billion yuan, rising 5.4% from a year earlier, the filing said.

The company's shares dropped more than 4% in recent trade.

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