NVC Lighting (02222) announced that it expects the Group's profit attributable to owners of the parent company to increase significantly in the first half of 2017 compared to the same period in 2016, an increase of more than 50%.
The Board of Directors believes that the significant increase in profit was mainly attributable to the steady growth of the Group's sales revenue and the significant increase in gross profit margin over the same period as a result of the continuous promotion of comprehensive cost reduction measures; the Group's provision for impairment of assets decreased compared with the same period; and the Company's convertible bonds Gains in the fair value of the derivative component are reflected.
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