Global Sweeteners Posts Remarkable Mid-Year Turnaround

Global Sweeteners Holdings Limited (HK:3889) has released an update.

Global Sweeteners Holdings Limited has reported a notable turnaround with an unaudited profit before tax of HK$165,601,000 for the six months ending June 30, 2024, contrasting starkly with the loss of HK$70,317,000 in the same period the previous year. The improvement was bolstered by a significant gain on debt restructuring and other income, despite a slight dip in gross profit. This marks a substantial recovery from the loss of HK$83,939,000 recorded in the first half of 2023.

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