Zoomlion Heavy Industry Science and Technology (01157) said its profit attributable to equity shareholders for the six months ended 30 June 2014 dropped 69.07% year-on-year to Rmb904 million.
Its basic and diluted earnings per share were Rmb12 cents.
The turnover was Rmb13,989 million, a decrease of 30.63% from a year earlier.
Zoomlion recorded a year-on-year drop of 32.47% and 39.25% in the turnover from concrete machinery and crane machinery respectively, which was primarily attributable to the continuous decelerated investment growth in the real estates of the country, resulting in a relatively substantial year-on-year decline in demand for truck-mounted concrete pumps, truck-mounted concrete mixers and tower cranes of Zoomlion.
No interim dividend will be distributed.
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