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China South Locomotive reports 6% down in H1 profit

Aug. 23, 2012 (China Knowledge) - China South Locomotive & Rolling Stock Co Ltd<601766><1766>, or CSR, the country's largest manufacturer of rail carriage, saw its net profit attributable to shareholders decreased 6.16% YoY to RMB 1.92 billion in the first half of this year.

Basic earnings per share for the period were RMB 0.15, 11.76% lower than a year earlier.

In a statement, the rail carriage manufacturer said its operation revenue for the first half of this year reach RMB 42.45 billion, reflecting a YoY increase of 5.8%, including RMB 13.84 billion from its multiple units of business, up 37.43% YoY.

Revenue from the company's passenger carriages and freight wagons business rose 16.06% and 15.58% YoY to RMB 3.08 billion and RMB 5.84 billion in the six months period, respectively. While that from its locomotive business was RMB 6.24 billion, down 43.36% from a year earlier.

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