Kinwong Electronic's H1 Profit Falls 7%, Revenue Jumps 21%; Shares Down 5%

MT Newswires Live
Aug 24

Shenzhen Kinwong Electronic's (SHA:603228) net profit attributable to shareholders in the first half fell 7.4% to 601.6 million yuan from 649.6 million yuan a year earlier, according to a weekend filing on the Shenzhen Stock Exchange.

Earnings per share dropped to 0.61 yuan from 0.71 yuan.

Operating revenue jumped 21% to 8.61 billion yuan from 7.10 billion yuan.

The printed circuit board manufacturer's shares fell 5% in early afternoon trade.

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