AV Concept Expects Over 300% Rise in Full-Year Profit

MT Newswires Live

06/05

AV Concept (HKG:0595) expects its consolidated attributable profit for the fiscal year ended March 31 to rise by at least 310% from the HK$53.7 million recorded a year earlier, according to a Thursday filing with the Hong Kong bourse.

The semiconductor distributor's shares fell over 24% in late morning trade Friday.

The firm attributed the upbeat forecast to an increase in the selling price of its products.

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