Ruijie Networks Expects Up to 66% Increase in H1 Profit; Shares Up
Ruijie Networks (SHE:301165) forecasts its net profit attributable to shareholders for the first half will rise by 33% to 66% year on year to between 600 million yuan and 750 million yuan, according to a Shenzhen filing on Thursday. The software developer's shares jumped 13% during Friday's morning trade. The attributable net profit a year earlier was 452.1 million yuan.
Ruijie Networks (SHE:301165) forecasts its net profit attributable to shareholders for the first half will rise by 33% to 66% year on year to between 600 million yuan and 750 million yuan, according to a Shenzhen filing on Thursday.
The software developer's shares jumped 13% during Friday's morning trade.
The attributable net profit a year earlier was 452.1 million yuan.