Jiangsu Azure Expects H1 Profit to Jump Up to 115%

MT Newswires Live07-14

Jiangsu Azure (SHE:002245) expects its net profit attributable to shareholders in the first half to jump between 79% and 115% year on year to between 300 million yuan and 360 million yuan, according to a Tuesday disclosure on the Shenzhen bourse.

The lithium battery maker's attributable profit a year earlier was 167.3 million yuan.

Earnings per share will be between 0.2601 yuan and 0.3121 yuan, higher than 0.1452 yuan in the previous year.

The company attributed the forecast to a growth in its lithium battery segment's shipment volume and stronger performance in its LED chip segment.

The company's shares rose less than 2% during afternoon trade.

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