CN Logistics International Holdings Limited (HK:2130) has released an update.
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CN Logistics International Holdings Limited anticipates a robust financial performance for the first half of 2024, with expected EBITDA to surge by over 40% and net profit and revenue to grow by at least 20% and 15%, respectively, compared to the same period the previous year. This positive outlook is attributed to increased demand for the Group’s freight forwarding services, particularly in Italy and Southeast Asia, improved cost control measures in Hong Kong and China, and better freight rate negotiations due to higher handling volumes and long-term supplier relationships. Investors are cautioned to await the official interim results for conclusive details, which will be published by the end of August 2024.
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