Sinoma Science & Technology reported a 28.37 per cent YoY decrease in net profit to CNY26.31m in the first quarter of 2011, reports Shanghai Securities News, citing a company filing.
Sales revenue fell 1.73 per cent to CNY470m, with earnings per share (EPS) of CNY0.13, down 45.83 per cent.
The Nanjing-based company attributed profit slump to lower product prices.
