China Merchants Shekou's H1 Profit to Drop Up to 65%
China Merchants Shekou Industrial Zone (SHE:001979) expects its net profit attributable to shareholders for the first half to drop by between 55% and 65% year on year to a range of 500 million yuan to 650 million yuan, according to a Shenzhen bourse filing on Wednesday. The attributable profit a year earlier was 1.45 billion yuan. Earnings per share are expected to fall to between 0.05 yuan and 0.07 yuan from 0.14 yuan a year earlier. The forecast was attributed to a decline in revenue and investment income. The property manager's shares jumped 5% at the close.
China Merchants Shekou Industrial Zone (SHE:001979) expects its net profit attributable to shareholders for the first half to drop by between 55% and 65% year on year to a range of 500 million yuan to 650 million yuan, according to a Shenzhen bourse filing on Wednesday.
The attributable profit a year earlier was 1.45 billion yuan.
Earnings per share are expected to fall to between 0.05 yuan and 0.07 yuan from 0.14 yuan a year earlier.
The forecast was attributed to a decline in revenue and investment income.
The property manager's shares jumped 5% at the close.