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BOE Technology Projects Up to 69% Rise in H1 Profit

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BOE Technology (SHE:000725) forecasted first-half attributable net profit of between 5.00 billion yuan and 5.50 billion yuan, compared with 3.25 billion yuan the previous year.

The 54% to 69% jump is attributed to the resilience of the display industry's demand and continuing improvement of the industry landscape, according to a Thursday filing with the Shanghai bourse.

Basic earnings per share are expected to rise in the range of 0.13 yuan to 0.15 yuan from the previous year's 0.09 yuan.

Shares of the electronics components producer rose over 2% in recent trade.

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