SEHK:581Metals and Mining
China Oriental Group (SEHK:581) Stock Faces Revenue Slide And Thin Margins
China Oriental Group went into this earnings print with a flat one month share performance and a modest decline over the past quarter, hardly a stock in the market spotlight. Yet the latest half year numbers tell a different story. Earnings per share of C¥0.06 and net income of C¥241.2m on C¥18.2b of revenue point to a steel producer that is still grinding out profits on razor thin margins.
The real headline for you is pressure on profit quality. Net profit margin over the past year sits at...