Lens Technology's H1 Profit Falls as Revenue Declines

MT Newswires Live

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Lens Technology (SHE:300433, HKG:6613) reported an attributable net profit of 577 million yuan for the first half, down 50% from 1.14 billion yuan a year earlier.

Earnings per share stood at 0.11 yuan, compared with 0.23 yuan in the year-ago period, according to a Friday filing with the Hong Kong Exchange.

Revenue decreased by over 12% year over year for the six months ended June 30, to 28.9 billion yuan from 32.9 billion yuan.

The board recommended an interim dividend of 1 yuan per 10 shares, payable on or before Oct. 20.

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