Shanghai Jinjiang International Hotels' Attributable Profit Slides 56% in H1

MT Newswires Live08-28

Shanghai Jinjiang International Hotels (SHA:600754) attributable profit fell 56% to 370.7 million yuan in the first half from 847.6 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.

Earnings per share at the hotel operator declined 56% to 0.35 yuan from 0.79 yuan in the prior-year period.

Operating income decreased 5.3% to 6.53 billion yuan from 6.89 billion yuan in the year-ago period.

Shares increased nearly 1% during afternoon trading on Thursday.

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