[ET Net News Agency, 8 June 2018] Tongda Group (00698) said it expects to record an
increase of about 40% to 50% in net profit attributable to owners for the six months
ending 30 June 2018 over that of the previous year.
The increase was primarily attributable to the increase in turnover, decrease in
impairment of account receivables and other receivables, exchange gain arising from
appreciation of Renminbi and partly offset with increased finance costs.
Its interim results announcement is expected to be published in August. (HL)