Citic Posts Flat First-Half Profit
Provided by
Dow Jones
By Jiahui Huang
Citic reported flat net profit in the first half of the year, as higher sales of goods helped offset lower interest income.
The Chinese state-owned investment company's net profit was 32.11 billion yuan, equivalent to $4.52 billion, compared with 32.09 billion yuan a year earlier.
First-half revenue rose 13% to 377.65 billion yuan, while interest income fell 1.4% to 167.34 billion yuan, it said Friday.
Citic's sales of goods and services rose to 241.04 billion yuan from 197.17 billion yuan.
The company declared an interim dividend of 0.19 yuan a share.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
August 30, 2024 01:07 ET (05:07 GMT)
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