Inspur Int'l(00596)expects 1H profit >HK$80M X
12/07/2018 18:05
(Infocast News)     Inspur International (00596) said that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the interim period ended 30 June 2018, it is expected that the Company will see a turn from loss to profit as compared with the same period last year, and will record a profit of more than HK$80.0 million.

The Board considers that such growth was mainly due to:
(1) the steady increase in income from the software and service business of the Company, as well as the improved gross profit margin during the reporting
period despite fierce market competition; and
(2) the significant increase in the Company‚Äôs gains from investment in an associate. (SY)

Infocast Limited and its information providers endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.