Sany Heavy Q3 Profit Drops 59%
China's Sany Heavy Industry Co Ltd posted a 59% drop in its Q3 net profit.
Sany's quarterly net profit fell to 714.2 million yuan ($114.29 million), from 1.73 billion yuan, in the year-ago period. However, analysts were expecting a profit of 1.3 billion yuan.
Sany's overseas sales climbed 50% y/y.
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