Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
China Railway Erju forecasts 70% drop in Q1 net profit

Apr. 5, 2012 (China Knowledge) - China Railway Erju Co Ltd<600528>, a subsidiary of China Railway Group Ltd<601390><0390>, announced yesterday that it expected net profit to plunge about 70% year on year in the first quarter of this year.

In the first three months of 2011, the Shanghai-listed company booked a net profit of RMB 181.52 million, and earnings per share were RMB 0.12.

The company said the significant decrease in net profit in the first quarter was due to a slowdown in the construction of high-speed railways.

China Railway Erju last month reported a net profit of RMB 523 million for 2011, 46% less than in the previous year. Operating revenue rose 9% year on year to RMB 59.52 billion last year.

In 2012, the company aims to sign RMB 60.4 billion of new orders, more than the RMB 51.72 billion signed in 2011.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved