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FINWIRES

ZTT's Q1 Profit Jumps 46%, Revenue Climbs 35%; Shares Up 10%

-- Jiangsu Zhongtian Technology (SHA:600522), or ZTT, said its net profit attributable to shareholders in the first quarter jumped 46% to nearly 919 million yuan from 627.6 million yuan, according to a Saturday filing on the Shanghai bourse.

The Chinese communication products manufacturer's shares soared 10% in late-morning trade Monday.

Earnings per share increased 47% year on year to 0.270 yuan from 0.184 yuan.

Operating revenue climbed 35% to 13.1 billion yuan from 9.76 billion yuan in the previous year.

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