CXMT Turns to H1 Profit as Revenue Surges 874%

MT Newswires Live

08/31

ChangXin Memory Technologies (SHA:688825), or CXMT, posted first-half attributable net profit of 77.6 billion yuan, compared with an attributable loss of 2.33 billion yuan the previous year.

Earnings per share stood at 1.2893 yuan, versus loss per share of 0.0412 yuan, according to a filing with the Shanghai bourse.

The chipmaker's operating revenue surged 874% year over year to 150.3 billion yuan from 15.4 billion yuan.

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