Tsaker New Energy Tech's Unit Profit Slips in Q3

MT Newswires Live11-26

Hebei Tsaker New Materials Technology posted 30.6 million yuan in attributable profit for the three months ended Sept. 30, compared with 31.5 million yuan a year earlier, parent firm Tsaker New Energy Tech (HKG:1986) said in a Tuesday Hong Kong bourse filing.

Shares of Tsaker New Energy Tech were up 2% in Wednesday morning trade.

Third-quarter revenue came in at 121.0 million yuan, compared with 125.9 million yuan a year earlier.

For the nine months, the unit reported 117.0 million yuan in profit attributable to shareholders, up from 85.5 million yuan a year earlier.

Revenue rose to 404.0 million yuan from 346.5 million yuan, the figures showed.

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