XCMG Construction Machinery H1 Profit Up 9%, Revenue Climbs 12%
MT Newswires Live
Aug 31
XCMG Construction Machinery (SHE:000425) posted first-half attributable net profit of 3.96 billion yuan, down 9.1% from 4.36 billion yuan the previous year.
Earnings per share declined to 0.35 yuan from 0.37 yuan, according to weekend filings with the Shenzhen bourse.
Operating revenue climbed 12% year over year to 61.2 billion yuan from 54.8 billion yuan.
The construction machinery maker declared an interim dividend of 0.45 yuan per 10 shares.
Shares of the company went down 4% in recent trade.
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.