L&K Engineering Projects Up to 226% Jump in H1 Profit; Shares Fall 8%

MT Newswires Live07-09

L&K Engineering Suzhou (SHA:603929) forecasted first-half attributable net profit of between 456.0 million yuan and 525.0 million yuan, compared with 160.9 million yuan the previous year.

The 183% to 226% jump is attributed to a lucrative Singapore project, robust project collections and a stronger U.S. dollar, according to a Thursday filing with the Shanghai bourse.

Shares of the engineering services provider declined 8% in recent trade.

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