Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Folangsi Co., Limited Class H ( (HK:2499) ) has shared an update.
Folangsi Co., Limited has issued a positive profit alert, indicating a significant increase in net profit for the year ended December 31, 2024, with an expected growth of 209.6% to 242.3% compared to the previous year. This surge is attributed to strategic product and service diversification, successful mergers and acquisitions enhancing their service network, and strong internal controls leading to reduced expenses. Additionally, a non-recurring acquisition gain contributed to the profit rise, although the figures are based on unaudited accounts and are subject to adjustments.
More about Folangsi Co., Limited Class H
Folangsi Co., Limited is a joint stock company incorporated in the People’s Republic of China. The company operates in the machinery and equipment sector, focusing on expanding its product categories and adjusting its business development strategy to meet market demand for cost reduction and efficiency improvement.
YTD Price Performance: -10.70%
Average Trading Volume: 60,403
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$2.29B
For detailed information about 2499 stock, go to TipRanks’ Stock Analysis page.