Asia
Jih Lin Technology Clarifies Report on Revenue, Earnings Outlook; Shares Slump 8%
Jih Lin Technology (TPE:5285) clarified a media report on its revenue and earnings outlook, saying the projections cited were based on market analysts' estimates rather than company guidance.A report by the Economic Daily News said Chairman Shang-Yen Tsai was optimistic about second-half performance, with revenue expected to rise quarter by quarter, while earnings per share could reach NT$4 this year and exceed NT$5 next year, according to a Thursday Taiwan EXchange filing.The company advised investors to refer to its filings and disclosures on the Market Observation Post System for official financial and business information.Shares fell about 8% in Thursday's midday trade.
TPE:5285
