China Fiber Optic Network System Group Ltd.
China Fiber Optic Issues Positive Profit Alert
To Finance Editor China Fiber Optic Issues Positive Profit Alert (24 February 2015, Hong Kong) China Fiber Optic Network System Group Ltd. (“China Fiber Optic” or the “Company“, together with its subsidiaries, the “Group“, stock code: 3777.HK), the largest manufacturer of fiber optic patch cords in China, is pleased to announce that according to the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2014, the Group expects to record a higher net profit growth for the year ended December 31, 2014 as compared to the net profit growth for the year ended December 31, 2013 (The Group’s net profit for the year ended December 31, 2013 is RMB330 million with a year-on-year growth of 22%). The higher net profit growth is primarily attributable to the business growth and increase in gross profit margin of the Group during the year of 2014. The Board expects the cooperation announced in December 2014 with a subsidiary of China Telecommunications Corporation in the construction and operation of fiber to the home infrastructure (“FTTH”) will mark the Group’s success in establishing a new recurring revenue model. It is anticipated that the new business can drive the demand for the Group’s products and become a main growth driver. – End – About China Fiber Optic Network System Group Ltd. This press release was distributed by Trinity Communications Group Limited on behalf of China Fiber Optic Network System Group Ltd. Trinity Communications Group Limited is responsible for the media relationship management for China Fiber Optic. For any media enquiries, please feel free to contact: Trinity Communications Group Limited End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=DJJBBNODIF Document title: China Fiber Optic Issues Positive Profit Alert Key word(s): Miscellaneous 25/02/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
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