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Cambricon Technologies' H1 Profit Soars 123%; Shares Slide 7%

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Cambricon Technologies' (SHA:688256) attributable profit surged 123% to 2.31 billion yuan in the first half from 1.04 billion yuan in the year-ago period, according to a preliminary report filed Saturday with the Shanghai Stock Exchange.

Earnings per share soared to 3.65 yuan from 1.67 yuan in the prior-year period.

Operating revenue grew 108% year over year to about 6.00 billion yuan from 2.88 billion yuan.

Shares slid 7% during morning trading on Monday.

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