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Newlink Technology Forecasts Up to 16x Surge in H1 Profit

MT Newswires ·  {{timeTz}}

12:59 AM EDT, 08/18/2022 (MT Newswires) -- Newlink Technology (HKG:9600) is expecting its profit for the six months ended June 30 to increase by 14 to 16 times to 18 million yuan ($2.6 million) to 20 million yuan from the 1.2 million yuan logged in the year prior.

The rise is mainly attributed to the increase in profit of its principal business and the fair value gain on financial assets , according to a bourse filing on Wednesday.

The IT service management company's revenue is also expected to increase to between 115 million yuan to 117 million yuan from 67.4 million yuan due to the increase in revenue from software development services.

Newlink's interim results is expected to be released by end-August.

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