JL Mag Rare-Earth (SHE:300748) expects attributable profit to surge 151% to 180% to between 300 million yuan and 350 million yuan in the first half from 119.7 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.
The rare-earths company attributed the forecast to its focus on new energy and energy-saving protection field, among others, the filing said.
Operating income is also expected to rise 4% to 5% to about 3.5 billion yuan, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.