Seres Group to Return to Profit in January-September; Shares Up 4%

MT Newswires Live10-11

Seres Group (SHA:601127) anticipates returning to profit in the first three quarters of the year, according to a Thursday disclosure on the Shanghai Stock Exchange.

The net profit attributable to shareholders between January and September will be between 3.50 billion yuan and 4.10 billion yuan, compared to the year-ago loss of 2.29 billion yuan.

The Chinese automotive manufacturer expects to generate an operating revenue of between 103 billion yuan and 110 billion yuan, soaring up to 559% from the prior year due to increased sales.

Shares of the company rose less than 4% in recent trade.

Price (RMB): Â¥91.42, Change: Â¥+2.6, Percent Change: +2.95%

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