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AVIC Xi'an Aircraft Industry's Attributable Profit Slides 29% in H1; Shares Fall 4%

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AVIC Xi'an Aircraft Industry's (SHE:000768) attributable profit slid 29% to 489.7 million yuan in the first half from 688.9 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen Stock Exchange.

Earnings per share at the aircraft parts maker decreased to 0.1762 yuan from 0.2481 yuan in the prior-year period.

Operating revenue declined 27% year over year to 14.2 billion yuan from 19.4 billion yuan.

Company shares fell 4% during afternoon trading on Tuesday.

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