Hygon Information Technology H1 Profit Up 41%; Shares Fall 3%

MT Newswires Live08-06

Hygon Information Technology (SHA:688041) posted first-half attributable net profit of 1.20 billion yuan, up 41% from 853.4 million yuan the previous year.

Earnings per share rose to 0.52 yuan from 0.37 yuan, according to a Wednesday filing with the Shanghai bourse.

The fabless semiconductor manufacturer's operating revenue rose 45% year over year to 5.46 billion yuan from 3.76 billion yuan.

Shares of the company were down 3% in recent trade.

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