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Longcheer Holdings' Q3 net profit tumbles 38%

Published on May 12, 2014 9:22 PM

SINGAPORE - China-based Longcheer Holdings' third quarter net profit has taken a 38 per cent tumble to 10.9 million yuan (S$2.3 million).

This was on the back of a 5 per cent drop in revenue to 998.4 million yuan in the three months to March 31.

This was mainly due to a decrease of 30 per cent in total shipment to 3.72 million units from 5.27 million units in the same period last year.

Earnings per share slipped to 3.08 fen from 4.96 fen previously while net asset value per share firmed to 189.92 fen compared to 167.46 fen as at June 30.

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