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FINWIRES

Founder Technology Q1 Profit Surges 195%, Revenue Down 4%

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-- Founder Technology (SHA:600601) posted first-quarter attributable net profit of 231.6 million yuan, up 195% from 78.5 million yuan the previous year.

Earnings per share rose to 0.05 yuan from 0.02 yuan, according to a Tuesday filing with the Shanghai bourse.

Revenue rose 64% year over year to 1.56 billion yuan from 951.7 million yuan.

Shares of the printed circuit board maker were down 4% in recent trade.

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