First Tractor (00038) said its profit attributable to the owners for the six months ended 30 June 2014 dropped 39.63% year-on-year to Rmb112 million.
Its basic and diluted earnings per share were Rmb11.29 cents.
Operating revenue amounted to Rmb5.47 billion, a decrease of 17.5% from a year earlier, as affected by the slowdown in demand of the agricultural machinery industry.
No interim dividend will be distributed.
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