Leo Group Swings to H1 Profit, Revenue Down 10%

MT Newswires Live08-29

Leo Group (SHE:002131) posted first-half attributable net profit of 478.2 million yuan, compared with loss of 743.9 million yuan the previous year.

Earnings per share stood at 0.0706 yuan, versus losses per share of 0.1099 yuan last year, according to a Friday filing with the Shenzhen bourse.

Operating revenue declined 9.6% year over year to 9.64 billion yuan from 10.7 billion yuan.

Shares of the machinery manufacturer closed 3% lower Friday.

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