Stock Track | Anhui Expressway Stock Tumbles After 20% Profit Decline in Q3

Stock Track

Oct 29, 2024

Shares of Anhui Expressway plummeted 6.87% on Monday, following the release of the company's third-quarter earnings report which showed a significant decline in profits.

The Chinese construction and infrastructure management firm reported a net profit attributable to shareholders of 411.2 million yuan ($57.9 million) for the quarter ended September 30, down 19.57% compared to the same period last year. Earnings per share fell by the same percentage to 0.2479 yuan.

The company's operating revenue also dipped 1.47% year-on-year to 1.99 billion yuan ($280 million) during the third quarter. Anhui Expressway's disappointing financial results led to a sharp sell-off in the stock, which closed at HK$8.76 in Hong Kong, down 4.47% on the day.

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Earnings per share fell by the same percentage to 0.2479 yuan.</p>\n\n<p>The company's operating revenue also dipped 1.47% year-on-year to 1.99 billion yuan ($280 million) during the third quarter. Anhui Expressway's disappointing financial results led to a sharp sell-off in the stock, which closed at HK$8.76 in Hong Kong, down 4.47% on the day.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00995","symbol_name":"安徽皖通高速公路","start_time":0,"source_url":"","article_id":"1157664532","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157664532","pubTimestamp":1730185598,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Anhui Expressway plummeted 6.87% on Monday, following the release of the company's third-quarter earnings report which showed a significant decline in profits.The Chinese construction and infrastructure management firm reported a net profit attributable to shareholders of 411.2 million yuan  for the quarter ended September 30, down 19.57% compared to the same period last year. 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