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Shaanxi International Trust sees net profit down 37.73% in Q1

Published: 21 Apr 2009 19:58:02 PST

Apr. 22, 2009 (China Knowledge) - Shaanxi International Trust Co Ltd<000563>, a real estate and finance company based in Xi'an, Shaanxi Province in China, announced that it earned net profit of RMB 11.68 million in the first quarter of 2009, down 37.73% from the previous year.

According to the company's quarterly report, its operating revenue rose 2.79% year on year to RMB 82.51 million in the first quarter.

The company's trust assets had increased to RMB 6.58 billion as of the end of March, and its trust profit surged 249% to RMB 111 million compared with the same period last year.
The company added nine projects in the first quarter, of which six are trust capital projects, two are property management projects, and one is a diversified project.

Shaanxi International Trust's annual report showed that its net profit decreased 6.09% from a year earlier to RMB 68.42 million in 2008.

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