Metallurgical Corporation of China (SHA:601618, HKG:1618) or MCC's net profit fell 22% to 6.75 billion yuan from 8.67 billion yuan a year earlier, according to a Hong Kong Stock Exchange filing on March 28.
Earnings per share declined year on year to 0.24 yuan from 0.33 yuan, missing Visible Alpha estimates of 0.39 yuan per share.
The Chinese equipment manufacturer's revenue fell 13% to 552 billion yuan from 633.9 billion yuan. The current figures are lower than VA analysts' forecast of 624.5 billion yuan.
The company proposed a cash dividend of 0.56 for every ten shares, the filing said.
MCC's Hong Kong shares dropped over 4% and Shanghai shares slipped less than 2% in recent trade.
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