Dazhong Public Utilities Logs 48 Million Yuan in Q3 Profit; Shares Fall 10%

MT Newswires Live
2024-11-01

Shanghai Dazhong Public Utilities(Group) (HKG:1635, SHA:600635) reported a third-quarter net profit attributable to shareholders of 48.2 million yuan for the quarter ended Sept. 30.

Earnings per share stood at 0.016320 yuan, according to a filing with the Hong Kong Exchange.

Quarterly revenue fell 15.2% year over year to 1.08 billion yuan.

Shares of the utility company in both Hong Kong and Shanghai bourses were down by about 10% in Friday's afternoon trade.

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