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Kuncai Material's H1 Profit Expected to Surge By Up to 305%

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Fujian Kuncai Material Technology (SHA:603826) forecasted that its net profit attributable to shareholders in the first half will surge year on year by between 254% and 305% to a range of 175 million yuan to 200 million yuan, according to a Shanghai bourse filing on Wednesday.

The attributable profit a year earlier was 49.4 million yuan, or 0.08 yuan per share.

Operating revenue is expected to jump by between 40% and 57% year on year to a range of 800 million yuan and 900 million yuan.

The pearlescent pigment manufacturer's shares jumped 10% at the close.

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