North Industries Group Red Arrow Swings to Loss in Q3, Revenue Drops 22%; Shares Jump 10%

MT Newswires Live

2024/10/28

North Industries Group Red Arrow (SHE:000519) incurred a net loss attributable to shareholders of 104.8 million yuan or 0.0752 yuan per share during the third quarter of the year, according to a Shenzhen Stock Exchange filing on Monday.

In the year-ago period, the company booked profit of 100.1 million yuan or 0.0719 yuan per share.

The Chinese defense products manufacturer generated an operating income of 850.1 million yuan in Q3 2024, dropping 22.3% from the preceding year, the filing said.

The company's shares jumped 10% in recent trade.

Price (RMB): ¥16.82, Change: ¥+1.5, Percent Change: +10.01%

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