Zhejiang Supor : Third-Quarter Net Profit, Revenue Ticked Up

By Martin Mou

Zhejiang Supor Co. said its third-quarter net profit and revenue both ticked up from a year earlier.

Net profit rose 1.0% to 414.4 million yuan ($62 million), while revenue grew 1.1% to CNY5.12 billion, the Chinese maker of kitchen appliances said Monday.

But due to the Covid-19 pandemic, the company's net profit for the first nine months of the year fell 13% to CNY1.08 billion, as revenue for the period slid 11% to CNY13.30 billion, it said.

Zhejiang Supor didn't specify the reasons for the changes in its third-quarter results.

Write to Martin Mou at [e-mail]

(END) Dow Jones Newswires

10-26-20 0620ET