FINWIRES · TerminalLIVE
FINWIRES

Envicool's Q1 Profit Fall 82%, Revenue Jumps 26%; Shares Down 10%

-- Shenzhen Envicool Technology's (SHE:002837) net profit attributable to shareholders in the first quarter slumped 82% to 8.7 million yuan from 48 million yuan a year earlier, according to a Shenzhen bourse filing on Tuesday.

Earnings per share dropped 80% year on year to 0.01 yuan from 0.05 yuan.

Operating revenue climbed 26% to 1.18 billion yuan from 932.6 million yuan in the preceding year.

The temperature control systems manufacturer's shares dropped 10% in late-morning trade Tuesday.

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