Aoto Electronics, China’s LED display manufacturer, has predicted in the financial report for 2013Q3 released on Oct. 22, 2012 that the net profit attributable to shareholders in 2012 is expected to grow 10%-40% from a year earlier.
On Jan. 30, 2013, the company revised the 2012 earnings forecast and predicted that the net profit attributable to shareholders in 2012 would fall between RMB 43.6342mn to RMB 53.7037mn, a year-on-year rise of 30%-60% from last year’s RMB 33.5648mn.
The company attributes the rise in earnings to the revenue increase in the fourth quarter of 2012 and the effective control on expenditure thanks to the improved management.