Suzhou TFC Optical Communication Expects Up to 45% Rise in H1 Profit

MT Newswires Live07-20 12:14

Suzhou TFC Optical Communication (SHE:300394) forecasted first-half attributable net profit of between 1.12 billion yuan and 1.30 billion yuan, compared with 899.2 million yuan the previous year.

The 25% to 45% rise is attributed to artificial intelligence infrastructure and data center expansion, according to a weekend filing with the Shenzhen bourse.

Shares of the fiber optic component manufacturer rose 2% in recent trade.

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