Lets Holdings Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 07:04 pm IST
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Lets Holdings Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 453.247 million compared to CNY 606.003 million a year ago. Operating income was CNY 62.979 million compared to CNY 108.273 million a year ago. Net income was CNY 52.904 million compared to CNY 89.369 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.13 a year ago.
Lets Holding Group Co Ltd, formerly Xiamen Academy of Building Research Group Co Ltd, is a China-based company principally engaged in the provision of comprehensive technical services and additives new materials. The Company operates through two main segments. The Comprehensive Technical Services segment is mainly involved in the provision of mapping, surveying, design, testing, evaluation, consultation, training and other technical services to engineering feasibility study, construction, operation and maintenance cycle. The Additives New Materials segment is primarily involved in the manufacturing of concretes that are environmentally friendly, high performance and longevous to engineering projects, including construction, nuclear power, ports, bridges, tunnels, highways, high-speed rail, subway, water conservancy, electricity, as well as the provision of construction solutions.