Amlogic Expects Q3 Profit to Soar Up to 248%

MT Newswires Live
Yesterday

Amlogic (SHA:688099) forecasts its attributable profit will rise 223% to 248% year over year to between 649.2 million yuan and 699.2 million yuan in the third quarter, according to a Friday filing with the Shanghai bourse.

The system-on-a-chip maker attributed the forecast to higher shipments of core products, continued adoption of its high-end television system-on-chip products by major customers and an improved product mix.

Attributable profit for the first three quarters could rise 81% to 88% year over year to between 1.26 billion yuan and 1.31 billion yuan.

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