Shougang 1H NP plummet 92% to HKD939,000

Shougang Concord Grand (Group) Ltd. (0730) said its net profit plunged 92 percent to HKD939,000 in the 1st half from HKD11.4 million posted a year ago. Earnings per share dropped by 1.27 HK cents to 0.11 HK cent, compared with that in the same time last year. Revenue inched up 0.7 percent to HKD12.57 million. No interim dividend will be distributed, unchanged from a year earlier.

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