[ET Net News Agency, 30 August 2017] AviChina Industry & Technology (02357) said its
profit attributable to equity holders for the six months ended 30 June 2017 rose 9.13%
year-on-year to Rmb550 million.
Basic and diluted earnings per share were Rmb9.22 cents.
Revenue amounted to Rmb13,842 million, a decrease of 10.06% from a year earlier.
Although the revenue of the Group recorded a decrease as compared with that in the
corresponding period of last year, the gross profit and subsidies increased, and the
investment loss and impairment decreased as a result of the initiatives of "leaner and
healthier" and the work of cleaning up the investments during the first half of 2017, all
leading to the increase in the profit attributable to equity holders as compared with that
in the corresponding period of last year.
No interim dividend will be distributed. (HL)