ZTO Express Reports Lower Q1 Profit Despite Higher Revenue

MT Newswires 16/05/2024 09:16

09:16 PM EDT, 05/15/2024 (MT Newswires) -- ZTO Express (Cayman) (HKG:2057) reported a net income attributable to ordinary shareholders of 1.43 billion yuan for the quarter ended March 31, down from a net profit of 1.67 billion yuan in the previous-year quarter, according to a Thursday filing on the Hong Kong bourse.

Earnings per share were 1.75 yuan, compared with 2.03 yuan a year earlier.

The revenue for the quarter was 9.96 billion yuan, up from 8.98 billion yuan a year ago.

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