Inspur Electronic Information Industry Q1 Profit Up 53%, Revenue Soars 165%

MT Newswires Live

04/30

Inspur Electronic Information Industry (SHE:000977) posted first-quarter net profit attributable to shareholders of 462.7 million yuan, up 53% from 302.8 million yuan the previous year.

Earnings per share rose to 0.3143 yuan from 0.2057 yuan, according to a filing with the Shenzhen bourse.

The information technology infrastructure products company's revenue jumped 165% year over year to 46.9 billion yuan from 17.7 billion yuan.

Shares of Inspur Electronic Information Industry rose 5% Wednesday.

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