Shenzhen OCT Q1 net profits hit RMB 45.97 mln

Shenzhen Overseas Chinese Town Holding Co<000069> (Shenzhen OCT), announced on Monday that its net profits hit around RMB 45.97 million in the first quarter this year, up 77.37% from the same period of the previous year, citing the Chinese accounting standards.

The Chinese Securities News cited the company's report that its total assets went up by 6.97% to RMB 13.34 billion by the end of Jan-March period. Basic earnings per share dropped 21.74% to RMB 0.018. Shareholders' interest income reached around RMB 5.10 billion, up 3.33% from the previous fourth quarter.

The Shenzhen-based company, listed on the Shenzhen Stock Exchange in 1997, is mainly engaged in the tourism and properties industries.