Zhejiang China Commodities City Group Q1 Profit Up 13%; Shares Fall 8%

MT Newswires Live
04-08

Zhejiang China Commodities City Group (SHA:600415) posted first-quarter net profit attributable to shareholders of 803.3 million yuan, up 13% from 713.0 million yuan the previous year.

Earnings per share climbed 14% to 0.15 yuan from 0.13 yuan, according to a filing with the Shanghai bourse.

The commodities trading platform operator's revenue rose 18% year over year to 3.16 billion yuan from 2.68 billion yuan.

Shares of the company slumped 8% in recent trade.

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