Asia
Shanghai Mechanical & Electrical Industry Q1 Profit Down 12%, Revenue Slips 1%
Shanghai Mechanical & Electrical Industry (SHA:600835) posted first-quarter attributable net profit of 178.5 million yuan, down 12% from 203.5 million yuan the previous year.Earnings per share went down to 0.17 yuan from 0.20 yuan, according to a Wednesday filing with the Shanghai bourse.Operating revenue rose 1.1% year over year to 4.26 billion yuan from 4.21 billion yuan.Shares of the machinery company were down 1% in recent trade.
SHA:600835
