Xiamen Jihong Technology Forecasts Up to 67% Rise in Q3 Profit; Shares Jump 10%

MT Newswires Live

09/26

Xiamen Jihong Technology (SHE:002803) expects its attributable profit to grow 45% to 67% to between 90.6 million yuan and 104.1 million yuan in the third quarter from 62.3 million yuan in the year-ago period, according to a Friday filing with the Shenzhen bourse.

The FMCG full packaging services company's basic earnings per share are anticipated to rise to between 0.21 yuan and 0.25 yuan from 0.17 yuan a year earlier.

Deeper brand building and brand resilience led to the growth, among other factors, the filing said.

Shares jumped 10% during late morning trading on Friday.

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