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FINWIRES

Far East Smarter Energy's Attributable Profit Jumps 110% in Q1; Shares Surge 9%

-- Far East Smarter Energy's (SHA:600869) attributable profit rose 110% to 96.6 million yuan in the first quarter from 45.9 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.

Earnings per share at the smart energy services company increased 104% to 0.0422 yuan from 0.0207 yuan in the prior-year period.

Operating income grew 9.3% year over year to 5.32 billion yuan from 4.87 billion yuan.

Shares increased 9% during afternoon trading on Wednesday.

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