Asia
Kuncai Material's H1 Profit Expected to Surge By Up to 305%
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.
SHA:603826
