Date
16 October 2018

Zoomlion’s Jan-Sept net profit drops 45%, filing says

Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd. (01157.HK, 000157.CN) said in an exchange filing on Wednesday that net profit for the nine months to September was 3.79 billion yuan (US$612.639 million), down 45.48 percent year on year. Revenue for the period fell 26.11 percent year on year to 28.897 billion yuan. But the company said it expects the market to improve in the fourth quarter with the launch of new rail projects in central and western China, housing redevelopment projects and other environmental protection work across the country, the Shanghai Securities News reported.

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