CSG Holding: net profit up, EPS down in 3Q 2005

China“s CSG Holding Co Ltd posted a net profit of CNY 96.93 million for the 3Q 2005 compared to CNY 91.52 million for the same period 2004.
Earnings per share fell 41.02% year-on-year to CNY 0.095 ….

China“s CSG Holding Co Ltd posted a net profit of CNY 96.93 million for the 3Q 2005 compared to CNY 91.52 million for the same period 2004. Earnings per share fell 41.02% year-on-year to CNY 0.095 . The company said in a statement that its net profit increased despite a moderate rise in costs due to its strategy of differentiation and high value-added products. The company“s core business revenue stood at CNY 616.6 million for the 3Q 2005, up from CNY 485.5 million in the same period 2005. A company spokesman said earnings per share declined despite the increase in net profit because CSG Holding issued new shares during the financial year. The company also said that on approval from the People“s Bank of China it will issue up to CNY 800 million in short-term debt on the interbank market. The Shenzhen branch of China Construction Bank will be the lead underwriter for the issue.