Avicopter Q1 Profit Jumps 55%, Revenue Falls 30%
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Avicopter posted first-quarter net profit attributable to shareholders of 202.0 million yuan, up 55% from 130.2 million yuan the previous year. Earnings per share rose to 0.2463 yuan from 0.1780 yuan, according to a filing with the Shanghai bourse. The helicopter manufacturer's revenue was down 30% to 2.38 billion yuan from 3.37 billion yuan. Shares of Avicopter rose 1% in recent trade.
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