Digital China's H1 Attributable Profit to Climb Up to 20%; Shares Up 4%

MT Newswires Live07-17

Digital China Group (SHE:000034) expects to record a net profit attributable to shareholders of between 498.4 million yuan and 520.1 million yuan in the first half of the year, climbing up to 20% from 433.4 million yuan a year earlier, according to the company's Wednesday disclosure with the Shenzhen Stock Exchange.

Earnings per share should range from 0.7704 yuan to 0.8039 yuan, compared with the year-ago EPS of 0.6616 yuan.

Operating income will be between 61.16 billion yuan and 63.94 billion yuan, a growth of up to 15% from 55.6 billion yuan in the prior year, the Chinese technology services provider said in the disclosure.

Cloud computing and digital service revenue is expected to be 3.4 billion yuan to 3.6 billion yuan, while revenue from the data and cloud integration business should be 742 million yuan to 781 million yuan.

Shares of the company jumped nearly 4% in recent trade.

Price (RMB): ¥24.59, Change: ¥+0.84, Percent Change: +3.54%

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