China's Naura Technology net profits rocket in Q1
BEIJING, April 28 (Xinhua) -- Naura Technology Group Co., an integrated circuit (IC) producer of China, said Saturday that its net profits were well up in the first quarter.
Boosted by strong sales, Naura Technology expect its first-half net profits to more than double from a year before to reach between 105.6 million yuan and 132 million yuan.
Business revenue rose 500.9 percent to 542 million yuan for the January-March period.
Earnings per share rose to 0.03 yuan.
Naura Technology's products include semiconductors, vacuum equipment and lithium batteries. It completed the acquisition of Akrion Systems LLC, a U.S. supplier of wet cleaning systems for the semiconductor industry, in January.
The company's net profits expanded 857.6 percent from one year earlier to 15.4 million yuan (about 2.4 million U.S. dollars) in Q1, according to its report to the Shenzhen Stock Exchange.