PUTIAN COMM (01720.HK): Expects H1 Profit to Surge 410%-480%

NewTimeSpace News: On 14 August 2026, Putian Communication Group Limited (stock code: 01720) issued a positive profit alert, expecting a profit attributable to owners of the Company of approximately RMB 40.0 million to RMB 45.0 million for the first half of 2026, up 410% to 480% from RMB 7.8 million in the prior-year period.

The announcement attributed the expected increase mainly to higher sales revenue from optical fibre and cable. Benefiting from the accelerated global deployment of artificial intelligence computing infrastructure, demand for optical fibre and cable has surged in both domestic and overseas markets, driving significant growth in the Company's results. The interim results announcement is expected to be published by the end of August 2026.

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