Minth Group's H1 Profit Increases 20% as Revenue Rises; Shares Rise 11%

MT Newswires Live08-22

Minth Group's (HKG:0425) attributable profit rose 20% to 1.07 billion yuan in the first half from 887.3 million yuan in the year-ago period, according to a Wednesday filing with the Hong Kong Stock Exchange.

Earnings per share at the automobile body parts maker increased to 0.928 yuan from 0.771 yuan. Analysts at Visible Alpha estimated EPS at 0.91 yuan.

Revenue grew 14% to 11.1 billion yuan from 9.75 billion yuan. Visible Alpha analysts forecast revenue at 11.2 billion yuan.

Shares jumped nearly 11% during Thursday's morning trading.

Price (HKD): $11.84, Change: $+1.1, Percent Change: +10.45%

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