Brother Enterprises Forecasts Up to 174% Surge in Q3 Profit; Shares Soar 10%

MT Newswires Live09-17

Brother Enterprises (SHE:002562) expects its attributable profit to surge 92% to 174% to between 35.5 million yuan and 50.5 million yuan in the third quarter from 18.4 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.

Basic earnings per share at the vitamin manufacturer are seen to increase to between 0.0333 yuan and 0.0474 yuan during the quarter from 0.0173 yuan in the prior-year period.

Shares surged 10% during morning trading on Wednesday.

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