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China Railway Erju's H1 profit down 55.8%

Aug. 17, 2012 (China Knowledge) - China Railway Erju Co Ltd<600528>, a subsidiary of China Railway Group Ltd<601390><0390>,  has said its net profit attributable to shareholders plunged 55.79% YoY to RMB 174.86 million in the first half of this year.

Basic earnings per share for the first six months of this year were RMB 0.12, compared with RMB 0.27 it realized in the corresponding period of 2011.

In a statement filed with Shanghai Stock Exchange, the company saw its operation revenue reach RMB 26.6 billion during the period, reflecting a YoY decrease of 2.06%.

Revenue from railway engineering hit RMB 5.73 billion, 44.74% lower than it realized in the same period of last year, while those from supplies sales rose 40.08% YoY to RMB 12.32 billion.

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