Yangtze Optical Fibre And Cable's H1 Profit Surges 889%

MT Newswires Live

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Yangtze Optical Fibre And Cable's (SHA:601869) net profit attributable to shareholders in the first half skyrocketed 889% to 2.92 billion yuan from 295.7 million yuan a year earlier, according to a Shanghai bourse filing on Saturday.

Earnings per share surged 810% year on year to 3.55 yuan from 0.39 yuan.

Operating revenue jumped 54% to 9.81 billion yuan from 6.38 billion yuan in the previous year.

The Chinese fiber and cable manufacturer plans to distribute a cash dividend of 1.06 yuan per share.

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