Estun Automation Expects Profit to Surge More Than 20-Fold in H1

MT Newswires Live07-15

Estun Automation (HKG:2715) expects attributable net profit of 150 million yuan to 180 million yuan for the six months ended June 30, up 2,145% to 2,594% from 6.7 million yuan a year earlier, according to a Tuesday Hong Kong bourse filing.

The company attributed the expected growth to an improved product mix, higher gross margins, and lower expense ratios through cost controls and efficiency measures.

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