China Railway Reports 49% Decline In Q3 Net Profit

China Railway Group Ltd CWYCF reported a 49% drop in its third-quarter net profit. China Railway Group's quarterly net profit declined to CNY1.14 billion, from CNY2.22 billion, in the year-ago period, according to Chinese accounting standards. Its revenue gained 14% to CNY112.89 billion from CNY99.10 billion.