Trade Resources Industry Views XCMG Net Profit Fell 28.67% YoY to CNY 1.59 Billion in The First Half of This Year

XCMG Net Profit Fell 28.67% YoY to CNY 1.59 Billion in The First Half of This Year

China Knowledge reported that XCMG Construction Machinery Co Ltd one of the leading construction machinery makers in China net profit fell 28.67% YoY to CNY 1.59 billion in the first half of this year, due to a sharp decline in sales volume of its major products. The company in its interim report said basic earnings per share were CNY 0.77 during the period down 28.7% YoY. The company operating revenue decreased 7.96%YoY to CNY 17.96 billion in the first six months. XCMG Construction Machinery saw the sales volume of its eight major products slide 29.9% YoY to 225,142 units in the period, due to weak demand. Source:China Knowledge

Source: http://www.steelguru.com/chinese_news/XCMG_Construction_H1_profit_down_by_29pct_YoY/278651.html
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XCMG net profit fell 28.67% YoY in the first half of this year