China's Fuwei Films surges 76% as profit more than doubles

Baijiayun

25/06/2021 12:04

** U.S.-listed shares of China-based plastic films maker
 FFHL.O  skyrocket 76.4% to $15.70
    ** FFHL set to open at four-month high at current level
    ** Net income more than doubled in Q1, boosted by higher
product prices and lower expenses, FFHL said after markets
closed on Thursday  urn:newsml:reuters.com:*:nASA02C1D  urn:newsml:reuters.com:*:nPnbCr1jDa
    ** Net sales increased 22.1% on higher sales of specialty
films, including base film for dry film
    ** Base film is used to produce dry film, which is used in
printed circuit boards
    ** Shares have lost a quarter of their market value this
year, as of last close

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com))