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FINWIRES

Han's Laser's Q1 Net Profit to Soar Up to 177%; Shares Up 4%

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Han's Laser Technology Industry (SHE:002008) forecasted that its net profit attributable to shareholders for the first quarter to soar between 156% and 177% to a range of 1.25 billion yuan and 1.35 billion yuan, according to a Friday disclosure on the Shenzhen bourse.

The attributable profit a year earlier was 488.2 million yuan.

Earnings per share are expected to rise to between 1.21 yuan and 1.31 yuan from 0.48 yuan in the previous year.

The laser cutting machine manufacturer's shares jumped 4% during the morning trade.

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