Swancor Advanced Materials Swings to Loss in H1 on Marginal Revenue Rise

MT Newswires Live

Aug 17

Swancor Advanced Materials (SHA:688585) swung to an attributable loss of 166.5 million yuan in the first half from an attributable profit of 29.9 million yuan in the year-ago period, according to a Saturday filing with the Shanghai Stock Exchange.

The advanced materials manufacturer logged a loss per share of 0.41 yuan compared with earnings per share of 0.07 yuan in the prior-year period.

Operating revenue grew 2.4% year over year to 802.7 million yuan from 783.8 million yuan.

Shares rose nearly 1% during the midday break on Monday.

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