Advanced Fiber Resources (SHE:300620) expects to record a 142% to 162% year-over-year jump in attributable net profit in the first three quarters, according to a Shenzhen bourse filing on Thursday.
Net profit is estimated to range between 279.1 million yuan and 302.1 million yuan, up from 115.3 million yuan a year earlier.
The optical components and modulators manufacturer attributed the anticipated growth to higher revenue following an increased demand for high-speed optical modules and devices.
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