EDA Group Holdings Limited (HK:2505) has released an update.
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EDA Group Holdings Limited projects a positive financial outlook, anticipating an increase in net profit of up to 10% and a surge in adjusted net profit by 35% to 45% for the first half of 2024. The company attributes this growth to higher revenues from its international freight and fulfillment services, bolstered by increased service volumes and rising market prices. Shareholders are advised to await the publication of the finalized interim results expected by the end of August 2024.
For further insights into HK:2505 stock, check out TipRanks’ Stock Analysis page.