AVIC Xi'an Aircraft's Q3 Profit Jumps 20%; Revenue Falls 4%

MT Newswires Live10-31

AVIC Xi'an Aircraft Industry Group (SHE:000768) reported a 20% year-over-year jump in net profit to 286.6 million yuan in the third quarter, according to a Shenzhen Stock Exchange filing on Thursday.

Earnings per share edged up 20% to 0.1035 yuan.

The profit growth came despite the company reporting a 4% drop in revenue to 8.49 billion yuan.

The state-owned company manufactures structural parts and components for aircraft and automobiles. Its shares were marginally up recently.

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