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FINWIRES

Advanced Fiber Resources Q1 Profit Surges 313%; Shares Fall 10%

-- Advanced Fiber Resources Zhuhai (SHE:300620) posted first-quarter attributable net profit of 44.7 million yuan, up 313% from 10.8 million yuan the previous year.

Earnings per share rose to 0.1767 yuan from 0.0430 yuan, according to a Thursday filing with the Shenzhen bourse.

Revenue rose 61% year over year to 426.5 million yuan from 265.2 million yuan.

Shares of the passive optical components manufacturer were down 10% in recent trade.

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