TFC Communication's H1 Attributable Profit Jumps 34%; Shares Slide 4%

MT Newswires Live

08/19

Suzhou TFC Optical Communication's (SHE:300394) attributable profit rose 34% to 1.20 billion yuan in the first half from 899.2 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen Stock Exchange.

Earnings per share at the optoelectronic packaging manufacturing service company increased to 1.1038 yuan from 1.1568 yuan in the prior-year period.

Operating revenue grew 15% year over year to 2.83 billion yuan from 2.46 billion yuan.

The company declared a dividend of 5 yuan per 10 shares, or 0.50 yuan per share.

Shares fell 4% during the midday break on Wednesday.

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