Lonking (03339) said its profit attributable to owners of the parent for the six months ended 30 June 2015 dropped 48.9% year-on-year to Rmb177 million, which was mainly attributable to the decrease of gross profit and control of financial expense as a result of reduce of the sales revenue.
Basic and diluted earnings per share were Rmb4 cents.
The revenue was Rmb2,945 million, a decrease of 34% from a year earlier.
The consolidated gross profit margin of the Group grew from 25.52% to 25.91%, remaining at a relatively stable level, mainly due to the vertical integration of the Group, consolidation of resources of the company, enhancement of internal management and continuously low prices of bulk materials.
No interim dividend will be distributed.
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