SHA:603929

2 stories mentioning SHA:603929Updated 30d ago

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L&K Engineering Projects Up to 226% Jump in H1 Profit; Shares Fall 8%

L&K Engineering Suzhou (SHA:603929) forecasted first-half attributable net profit of between 456.0 million yuan and 525.0 million yuan, compared with 160.9 million yuan the previous year.The 183% to 226% jump is attributed to a lucrative Singapore project, robust project collections and a stronger U.S. dollar, according to a Thursday filing with the Shanghai bourse.Shares of the engineering services provider declined 8% in recent trade.

SHA:603929

Asia116d ago

L&K Engineering Expects Q1 Profit to Soar Up to 223%; Shares Drop 9%

L&K Engineering Suzhou (SHA:603929) expects net profit attributable to shareholders for the first quarter to soar between 181% and 223% to 230 million yuan to 265 million yuan, according to a Shanghai bourse filing on Tuesday.The attributable profit a year earlier was 82 million yuan, or 0.38 yuan per share.Operating revenue for the same period is expected to jump between 26% and 45% to a range of 1.05 billion yuan and 1.21 billion yuan.The Chinese engineering services provider's shares slumped 9% during late-morning trade Tuesday.

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