Asia
Amlogic (Shanghai) Forecasts Up to 41% Jump in Q2 Profit; Shares Rise 8%
Amlogic (Shanghai) (SHA:688099) forecasts its attributable net profit to rise 41% to 434.8 million yuan in the second quarter, according to a Friday filing with the Shanghai Stock Exchange.Revenue for the quarter could rise 39% to 2.50 billion yuan.The system-on-a-chip maker attributed the forecast to rapid business expansion.Amlogic expects first-half profit to increase 22% to 608 million yuan, while full-year revenue and profit could reach a record high in 2026, the company said.Shares rose 8% during afternoon trading on Friday.
SHA:688099
