Xi'an Aircraft H1 Earnings Down 89%

   Date:2011/08/11

August 10 -- Xi'an Aircraft International Corporation (000768.SZ) reported that its net profit fell 89.07 percent year-on-year to 13.83 million yuan in first half of 2011, with earnings per share of 0.0056, reports stcn.com, citing a company filing.

Revenue rose 16.94 percent year-on-year to 3.277 billion yuan.

The listed company’s net profit fell and was blamed on declining exports of aviation components.

Xi'an Aircraft manufactures aviation components, highway and transportation products, building materials, automobile parts, vinyl-coated metal parts, finishing materials, and aluminum alloy sections.

Source:capitalvue

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