Arcplus Group Plc’s Net Profit Dropped 7.4% in First Quarter of 2022

Arcplus Group Plc (华东建筑集团股份有限公司) (600629.SH) reported a net profit of 94.8 million yuan in the first quarter of 2022, down 7.4% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 19.2% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 9.1 billion yuan in total liabilities, with a liability-to-asset ratio of 71%.