Jiangsu Eastern Shenghong Expects H1 Profit to Soar By Up to 1,195%; Shares Up 10%
MT Newswires Live
Jul 06
Jiangsu Eastern Shenghong (SHE:000301) expects its net profit attributable to shareholders in the first half to surge by between 987% and 1,195% year on year to a range of between 4.20 billion yuan and 5 billion yuan, according to a Shenzhen bourse filing on Saturday.
The chemical producer's shares jumped 10% during Monday's afternoon trade.
The attributable profit a year earlier was 386.2 million yuan.
Earnings per share is expected to be between 0.64 yuan and 0.76 yuan, compared to 0.06 yuan a year earlier.
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