Precision Tsugami (China) (HKG:1651) expects to book 340 million yuan in attributable profit for the six months ended Sept. 30, up 54% from the year-ago figure of 221 million yuan, a Friday Hong Kong bourse filing said.
The machine tools manufacturer attributed the anticipated higher profit mainly to a recovery of the domestic economy, higher demand for its high precision machine tools, and efforts to optimize operations.
Price (HKD): $10.64, Change: $+0.040, Percent Change: +0.38%
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