Asia
G-bits Network Technology Expects Up to 87% Rise in Q1 Profit; Shares Surge 10%
G-bits Network Technology (Xiamen) (SHA:603444) forecasts attributable profit to rise 59% to 87% to between 450 million yuan and 530 million yuan in the first quarter from 283.3 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.The online game producer attributed the upbeat forecast to higher profits from the launch of new games in the second to the fourth quarters, the filing said.Shares surged 10% during morning trading on Wednesday.
SHA:603444
