Inspur Int'l (00596) tips turnaround to profit for FY2016
2017-01-20 08:38:00.0
[ET Net News Agency, 20 January 2017] Inspur International (00596) said it expects the group will record a positive net profit for the financial year ended 31 December 2016, as compared to the net loss for the previous financial year. Such expected turnaround to profit was mainly due to the steady increase in software and service business of the Group during the reporting period despite fierce market competition; and the increase of rental income and/or the fair value of the properties invested by the Group. Its annual results announcement is expected to be published in March. (HL)
|