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SigmaStar Expects H1 Profit to Skyrocket Up to 650%

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SigmaStar Technology (SHE:301536) expects its net profit attributable to shareholders in the first half to skyrocket by between 584% and 650% year on year to a range of 820 million yuan to 900 million yuan, according to a Shenzhen bourse filing on Saturday.

The Chinese semiconductor device manufacturer's shares on Monday closed 16% higher.

The attributable profit a year earlier was 119.9 million yuan.

Operating revenue is anticipated to jump by between 87% and 94% to a range of 2.62 billion yuan to 2.72 billion yuan.

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