FS.com Forecasts Up to 70% Surge in H1 Profit

MT Newswires Live07-21

FS.com (HKG:3355) expects a net profit of between 437.4 million yuan and 464.7 million yuan for the six months ended June 30, up 60% to 70% from 273.2 million a year prior.

Revenue is expected to increase by 25% to 27% to between 1.75 billion yuan and 1.78 billion yuan, according to a Tuesday Hong Kong bourse filing.

The networking equipment provider attributed the forecast to a higher revenue and improvement in its overall cost structure.

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