Ledman Q1 revenue up 50%

Ledman Optoelectronic Co Ltd, recently reported financial results for the quarter ended March 31, 2016. Their first quarter revenue has grown by 50.06% to over 108 million yuan.

Ledman’s sports business operation revenue has grown by 84.61% annually to 9.18 million yuan in Q1 2016.

Ledman's Q1 profit has increased by 43.18% to over 10 million yuan compared to the same period a year ago.

Net profit attributable to equity holders of the Company after deduction of non-recurring profit or loss has grown by 55.01% annually to over 8.4 million yuan in Q1 2016.

Ledman, listed on the Shenzhen Stock Exchange in 2011, is a Chinese service provider of LED display, LED lighting, LED components, LED energy saving and LED media. The company has been the official LED sponsor of the Chinese Super League and China League One.

In February this year, Ledman became the official title sponsor of Segunda Liga, the second-tier league in Portugal.

Ledman has a small stake in Infront Sports & Media, which is aimed at boosting its competitiveness in the international sports market. 

Source：Ledman Optoelectronic Co Ltd
Proofread by Sean O Diobhilin