Supcon's Attributable Profit Slides 56% in H1; Shares Rise 6%
MT Newswires Live
Aug 31
SUPCON Technology (SHA:688777) attributable profit fell 56% to 155.1 million yuan in the first half from 354.1 million yuan in the year-ago period, according to a Saturday filing with the Shanghai Stock Exchange.
Earnings per share at the automation product manufacturer decreased to 0.20 yuan from 0.45 yuan in the prior-year period.
Operating revenue declined 5.1% year over year to 3.63 billion yuan from 3.83 billion yuan.
Company shares jumped 6% during late afternoon trading on Monday.
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