China Satellite Communications' (SHA:601698) net profit attributable to shareholders in the first quarter plummeted 62% to 26.8 million yuan from 70.4 million yuan a year earlier.
Earnings per share shrank to 0.0064 yuan from 0.0167 yuan, according to a Shanghai bourse filing on Thursday.
The satellite operator's revenue rose 0.7% to 542.4 million yuan from 538.6 million yuan in the prior year.
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