Fuwei Films rises on Q2 profit vs year-ago loss

Baijiayun

23/08/2019 16:18

(Updates)
    ** China-focused plastic films distributor's shares 
 FFHL.O  nearly triple to $5.45, hits over 5-year high
    ** Q2 net sales up 10.7%, reports profit vs year-ago loss
    ** Company set for best day in 6 years, if gains hold
    ** Quarterly results helped by rise in average sales price,
~37% rise in sales of specialty films
    ** More than 13.4 mln shares change hands vs 25-day moving
avg of 7,531
    ** FFHL top pct gainer across U.S. exchanges
    ** Up to Thursday's close, stock down ~5% this year

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com; within the U.S. +1 646 223
8780, outside the U.S. +91 80 6749 9246;))