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Inspur Electronic Information's Q1 Profit Up 31% on Lower Revenue; Shares Slide 6%

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-- Inspur Electronic Information Industry (SHE:000977) posted first-quarter attributable net profit of 604.9 million yuan, up 31% from 462.7 million yuan the previous year.

Earnings per share rose to 0.4119 yuan from 0.3143 yuan, according to a Thursday filing on the Shenzhen bourse.

Operating revenue went down 24% year over year to 35.5 billion yuan from 46.9 billion yuan.

Shares of the information technology company were down 6% in recent trade.

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Inspur Electronic Information's Q1 Profit Up 31% on Lower Revenue; Shares Slide 6% | FINWIRES