China Sunsine is expecting to report a “material increase” in its consolidated net profit for the 1HFY2022 ended June.
The expected growth in profit is attributable to the higher average selling price (ASP) on the back of the increase in prices of global commodities.
The group was able to pass on the increase to its customers, which led to the higher revenue and net profit.
China Sunsine will release its results on Aug 11.
Shares in China Sunsine closed 0.5 cent lower or 1.14% down at 43.5 cents on July 29.