Asia
Shenergy's Q1 Profit Falls 22%, Revenue Slips 7%; Shares Down 3%
Shenergy's (SHA:600642) net profit attributable to shareholders in the first quarter fell 22% to 787.9 million yuan from 1.01 billion yuan in the previous year, according to a Shanghai bourse filing on Monday.Earnings per share fell 25% year on year to 0.156 yuan from 0.207 yuan.Operating revenue slipped 7.1% to 6.82 billion yuan from 7.34 billion yuan a year earlier.The Chinese power company's shares dropped 3% during the morning trade.
SHA:600642
