BOE Technology Projects Up to 69% Rise in H1 Profit

MT Newswires Live07-09

BOE Technology (SHE:000725) forecasted first-half attributable net profit of between 5.00 billion yuan and 5.50 billion yuan, compared with 3.25 billion yuan the previous year.

The 54% to 69% jump is attributed to the resilience of the display industry's demand and continuing improvement of the industry landscape, according to a Thursday filing with the Shanghai bourse.

Basic earnings per share are expected to rise in the range of 0.13 yuan to 0.15 yuan from the previous year's 0.09 yuan.

Shares of the electronics components producer rose over 2% in recent trade.

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