Goertek's H1 Profit to Soar Up to 200%

MT Newswires Live07-15

Goertek (SHE:002241) expects to record a net profit attributable to shareholders of between 1.18 billion yuan and 1.27 billion yuan in the first half of the year, soaring up to 200% from 421.8 million yuan in the preceding year, according to the company's disclosure on the Shenzhen Stock Exchange.

Earnings per share will be between 0.35 yuan and 0.37 yuan, compared to 0.12 yuan a year earlier.

The Chinese acoustic component manufacturer attributed the forecast to an improvement in its profitability, particularly in the smart acoustic equipment and smart hardware businesses, the Monday disclosure added.

The company's shares closed 2% higher on Monday.

Price (RMB): ¥22.16, Change: ¥+0.47, Percent Change: +2.17%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment