(From South China Morning Post)
Byline: results Michael Logan
In its first earnings report since raising $1.05 billion in an initial public offering in April, chip designer Solomon Systech (International)'s first-half profit has soared 138.52 per cent to $177.7 million - beating last year's earnings.
The company sees strong sales for the rest of the year due to robust demand for its liquid crystal display chips.
Analysts forecast full-year earnings to rise 103.03 per cent to $357.62 million, according to Thomson First Call.
Solomon's shares rose as much as 30 per cent after its April listing, but at $1.76 yesterday is one cent …