China Spacesat Logs Q3 Profit of 45 Million Yuan; Shares Jump 5%

MT Newswires Live10-29

China Spacesat (SHA:600118) posted a net profit attributable to shareholders of 45.3 million yuan, or 0.04 yuan per share, for the third quarter, according to a Shanghai bourse filing on Wednesday.

Operating revenue soared 177% year on year to 1.78 billion yuan.

The satellite manufacturer's shares jumped over 5% during the afternoon trade.

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