Tuesday, February 28, 2012

Sound Global posts 1.7% fall in 4Q earnings to $21m

Sound Global has reported a 1.7% decrease in earnings to 106.92 million yuan ($21.2 million) for the fourth quarter ended Dec 31, 2011 compared to the same period last year.

Turnover increased 9.2% to 601.08 million yuan in the quarter. However, gross profit margin slipped to 29.1%.

For the full year, Sound Global reported a 43.1% increase in earnings to 413.83 million yuan.

Turnover increased 29.6% to 2.29 billion yuan, on the back of increased contribution from its operation and maintenance segment and turnkey engineering, procurement and construction services.

A one cent first and final dividend has been recommended, similar to a year ago.

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