Enterprise Development Forecasts Rise in H1 Profit

MT Newswires Live

Aug 18

Enterprise Development's (HKG:1808) expects its net profit to rise to at least 40 million yuan in the first half from 19 million yuan in the year-ago period, according to a Friday filing with the Hong Kong bourse.

Shares in the software company slipped 1% during afternoon trading on Monday.

The forecast rise is attributable to higher revenue and the completion of new contracts across its integrated IT solutions, edge computing, intelligent computing, and other data services businesses, among others, the filing said.

Enterprise Development plans to release first-half results by the end of August.

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