Zhejiang NHU (SHE:002001) forecasts first-half attributable profit to rise 50% to 70% to between 330 million yuan and 375 million yuan in the first half from 220.4 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.
Earnings per share of the nutrition, flavoring, and fragrance products manufacturer are expected to rise to between 1.07 yuan and 1.22 yuan from 0.71 yuan in the year-ago period.
The foreseen rise is attributable to an increase in sales volume and prices of nutrition products, the filing said.
Shares rose 1% during morning trading on Wednesday.
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