China Bozza Posts Mixed Financial Results

China Bozza Development Holdings Limited (HK:1069) has released an update.

China Bozza Development Holdings Limited has reported a significant discrepancy in their financial performance compared to their previous profit forecast, with revenue and gross profit falling short by 48.9% and 88.0% respectively, while net profit before tax surged by 639.3%. Factors affecting the results include unexpected demand in forestry management, quality issues and delays in ginseng trading, and postponements in ginseng harvesting. Despite the revenue shortfall, a substantial gain was recorded due to fair value gains on biological assets and recognized gains on debt restructuring.

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