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