Konfoong Materials International's Attributable Profit Jumps 114% in H1; Shares Slide 7%

MT Newswires Live

08/25

Konfoong Materials International (SHE:300666) attributable profit jumped 114% to 539.7 million yuan in the first half from 252.6 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen Stock Exchange.

Earnings per share at the metal materials and sputtering targets maker for semiconductors increased to 1.98 yuan from 0.95 yuan in the prior-year period.

Operating revenue grew 31% year over year to 2.74 billion yuan from 2.09 billion yuan.

Company shares plunged 7% during afternoon trading on Tuesday.

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