Kingsoft Corporation (03888) said its profit attributable to owners of the parent for the three months ended 31 March 2018 dropped 50.4% year-on-year and 95.2% quarter-on-quarter to Rmb118 million.
Basic and diluted earnings per share were Rmb0.09.
Revenue amounted to Rmb1,264 million, an increase of 4.2% from a year earlier but a decrease of 8.5% from the previous quarter.
The Group's gross profit margin decreased by nine percentage points year-on-year and seven percentage points quarter-on-quarter to 49%. The change in the Group's gross profit margin is a result of the change in sales mix, reflecting fast growth in cloud services.
23/05/2018 08:28
Kingsoft (03888) 1Q profit down 50% to Rmb118m
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