Caixin
Aug 27, 2018 01:18 PM
BUSINESS & TECH

Chart: Train-Maker Posts Quarterly Profit Growth, Stock Rises

Shares of China’s top train-maker CRRC Corp. Ltd. rose on Monday after the company posted a nearly 13% rise in its latest quarterly profit.

CRRC reported a profit of 2.8 billion yuan ($410 million) in the three months through June, though its revenue declined 3.2% to 53 billion yuan as China’s spending on new rail projects slowed, according to the company’s latest quarterly report filed on Friday evening.

On Monday, CRRC shares opened up 2.6% and 0.7% in Hong Kong and Shanghai, respectively, and continued to rise through the morning session.

The following is an updated table of Chinese company earnings between April and June, starting with the most recent to report.

1


Share this article
Open WeChat and scan the QR code