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FINWIRES

Daqin Railway Q1 Profit Down 7%; Shares Slip 3%

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-- Daqin Railway Co (SHA:601006) posted first-quarter attributable net profit of 2.38 billion yuan, down 6.9% from 2.56 billion yuan the previous year.

Earnings per share slid to 0.12 yuan from 0.13 yuan, according to a Thursday filing with the Shanghai bourse.

Operating revenue climbed 4.3% year over year to 18.6 billion yuan from 17.8 billion yuan.

Shares of the railway operator declined 3% in recent trade.

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