Inspur Electronic Information Industry Forecasts Up to 63% Growth in Q3 Profit; Shares Up 7%

MT Newswires Live2024-10-15

Inspur Electronic Information Industry (SHE:000977) forecasted annual profit growth ranging between 40.9% and 62.5% in the third quarter.

The information technology infrastructure products company expects Q3 net profit attributable to shareholders to range between 650 million yuan and 750 million yuan, or between 0.4415 yuan per share and 0.5095 yuan per share, compared with the year-ago figure of 461.5 million yuan, or 0.2802 yuan per share, according to a Tuesday filing with the Shenzhen bourse.

For the first nine months of 2024, net profit attributable to shareholders is expected to be between 1.25 billion yuan and 1.35 billion yuan, or between 0.8491 yuan per share and 0.9170 yuan per share, up from 774.8 million yuan, or 0.4942 yuan per share, the previous year.

Shares of the company jumped over 7% in recent trade.

Price (RMB): ¥43.15, Change: ¥+2.7, Percent Change: +6.67%

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