Lansheng’s revenues up, profits down

Shanghai, 26th October: Lansheng, Shanghai-listed exhibition organiser (and conglomerate), has released its results for the nine months ended 30th September 2019. The company generated revenues of US$357 million, a year-on-year increase of 8.7%. However, its net profits in the period dropped 31%, down to US$23 million. Management attributed the decrease in profits to a rise in the cost of its operations.

Diluted earnings per share in the first nine months of the year were RMB 0.39 (US$0.055).