China Tobacco International (HK) Co (HK:6055) has released an update.
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China Tobacco International (HK) Co has announced a projected profit increase of at least 30% for 2024, driven by higher margins in their Brazil tobacco leaf imports, optimized cigarette export business, and growth in new tobacco products. The company attributes this growth to its strategic business enhancements and favorable pricing improvements across various operations. Investors are advised to anticipate the detailed financial results expected in March 2025.
For further insights into HK:6055 stock, check out TipRanks’ Stock Analysis page.