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Yongmao reports 13.5% rise in 2Q earnings to

PC Lee
PC Lee11/14/2017 05:35 PM GMT+08  • 2 min read
Yongmao reports 13.5% rise in 2Q earnings to
SINGAPORE (Nov 14): Yongmao reported a 13.5% rise in 2Q18 earnings to RMB15.9 million ($3.3 million) from $14 million a year ago.
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SINGAPORE (Nov 14): Yongmao reported a 13.5% rise in 2Q18 earnings to RMB15.9 million ($3.3 million) from $14 million a year ago.

Yongmao says this was mainly due to net loss attributable to non-controlling interests of RMB1.1 million in 2Q18 as compared to a profit attributable to non-controlling interest of RMB1.9 million in 2Q17.

Revenue fell 6.2% to $173.1 million from $184.5 million a year ago, mainly from lower services income of RMB6.8 million in Hong Kong and Macau operations as a result of weaker demand, lower sales in towercranes of RMB5.7 million and lower sales of components and accessories of RMB1.1 million.

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