Giga Device Semiconductor H1 Profit Up 11%; Shares Rise 3%

MT Newswires Live08-25

Giga Device Semiconductor (SHA:603986) posted first-half attributable net profit of 575.5 million yuan, up 11% from 517.0 million yuan the previous year.

Earnings per share rose to 0.87 yuan from 0.78 yuan, according to a filing with the Shanghai bourse.

The memory device manufacturer's operating revenue rose 15% year over year 4.15 billion yuan from 3.61 billion yuan.

Analysts at Visible Alpha estimated 4.13 billion yuan in revenue.

Shares of Giga Device Semiconductor rose nearly 3% in recent trade.

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