
Huizhong Instrumentation Expects H1 Profit to Jump Up to 105%; Shares Surge 20%

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Huizhong Instrumentation forecasted first-half net profit attributable to shareholders of between 40.0 million yuan and 42.0 million yuan. This marked an up to 105% rise from the year-ago figure, according to a Wednesday filing with the Shenzhen bourse. The growth was driven by higher overseas sales and non-recurring gains contribution of about 5.2 million yuan. Shares of the ultrasonic water meter manufacturer jumped 20% in recent trade.
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