GalaxyCore Expects Up to 37% Rise in H1 Revenue

MT Newswires Live07-22

GalaxyCore (SHA:688728) expects revenue to rise 22% to 37% year over year to between 3.41 billion yuan and 3.81 billion yuan in the first half, according to a Tuesday filing with the Shanghai bourse.

The semiconductor and integrated circuit designer attributes the rise to a higher market share of its high-pixel products.

GalaxyCore also expects orders for its 50-million-pixel products to grow in H2, the filing said.

Sharse rose nearly 1% during morning trading on Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment