Ccoop's Attributable Profit Slides 95% in H1

MT Newswires Live08-29

Ccoop's (SHE:000564) attributable profit plunged 95% to 5.3 million yuan in the first half from 108.6 million yuan, after adjustments, in the year-ago period, according to a Friday filing with the Shenzhen bourse.

Earnings per share at the department store operator plummeted 95% to 0.0003 yuan from 0.0057 yuan in the prior-year period.

Operating income decreased 18% year over year to 782.5 million yuan from 954.3 million yuan.

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