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Goldenmax International Forecasts Up to Eleven-Fold Surge in H1 Attributable Profit; Shares Rise 4%

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Goldenmax International (SHE:002636) forecasts a 936% to 1,063%, or a tenfold to eleven-fold surge, in its net attributable profit to between 730 million yuan and 820 million yuan in the first half from 70.5 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.

The copper clad laminates company expects earnings per share to soar to between 1.003 yuan and 1.126 yuan from 0.096 yuan a year earlier.

Goldenmax attributed the expected surge to high sales prices of copper clad laminates and prepregs, among other factors.

Shares rose 4% during afternoon trading on Tuesday.

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