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China Railway Construction's Profit Falls 15% in Q1; Hong Kong Shares Slip 3%

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-- China Railway Construction (HKG:1186, SHA:601186) posted net profit attributable to shareholders of 4.39 billion yuan for the first quarter, down 15% from 5.15 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

The railway infrastructure developer's Hong Kong shares declined 3% in Thursday afternoon trade.

Earnings per share came in at 0.28 yuan, compared with 0.34 yuan a year earlier.

Revenue fell 9.8% to 231.6 billion yuan from 256.8 billion yuan in the prior-year period.

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