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FINWIRES

MCC's Profit Rises 2% in Q1

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-- Metallurgical of China (HKG:1618, SHA:601618) logged net profit attributable to shareholders of 1.63 billion yuan for the first quarter, up 1.6% from 1.61 billion yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

Shares of the firm were down over 1% in Thursday afternoon trade.

Earnings per share came in at 0.08 yuan, unchanged from a year earlier.

Revenue fell 25% to 92.2 billion yuan from 122.3 billion yuan in the prior-year period.

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