Chengdu SIWI Science and Technology Flags Drop in H1 Profit

MT Newswires Live

08/07

Chengdu SIWI Science and Technology (HKG:1202) expects to report a decrease in its H1 profit, according to a Hong Kong bourse filing Wednesday.

Shares of the electric cables seller jumped over 4% in recent trade Thursday.

The company expects to report 420,000 yuan in attributable profit for the six months ended June 30, compared to 480,000 yuan in the year-ago period.

The company's financial results are due by the end of August.

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