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Jiangxi Redboard Technology Expects Up to 146% Surge in H1 Attributable Profit; Shares Rise 5%

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Jiangxi Redboard Technology (SHA:603459) forecasts a 100% to 146% rise in its net attributable profit to between 480 million yuan and 590 million yuan in the first half from 239.9 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.

The printed circuit board manufacturer attributed the expected rise to non-operating income of 301.7 million yuan following the purchase of the entire stake in Ganzhou Hongban Technology by subsidiary Ji'an Huiyang Electronics.

Shares rose 5% during afternoon trading on Tuesday.

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