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Qilu Expressway preliminary 9M revenue falls on traffic diversion 

By Reuters News


Overview

  • China toll road operator's preliminary 9-month revenue fell 2.4% yr/yr on lower toll income

  • Net profit dropped 12.6% yr/yr due to lower toll and investment income

  • Results are preliminary and unaudited


Outlook

  • Company did not provide specific financial guidance for future quarters or the full year


Result Drivers

  • TRAFFIC DIVERSION - Co said lower toll income was mainly due to traffic diversion and interception from surrounding road network

  • INVESTMENT INCOME DROP - Co said net profit fell partly due to lower investment income after maturity of investment projects


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

RMB 1.73 bln


Reuters Recommended Reads

  • Oct 29 - China's Zhejiang Expressway nine-month revenue rises year-on-year

  • Oct 29 - China's Sichuan Expressway nine-month revenue totals RMB 7.04 bln

  • Oct 29 - China's Guangshen Rail nine-month revenue rises 4.5%, profit falls


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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