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Green Future Food Hydrocolloid Marine Science Co., Ltd. ( (HK:1084) ) just unveiled an update.
Green Future Food Hydrocolloid Marine Science Co., Ltd. has announced a positive profit alert for the year ended December 31, 2024, expecting a net profit between RMB50.0 million and RMB70.0 million, a significant turnaround from a net loss of RMB85.3 million in 2023. This improvement is attributed to increased sales revenue from higher selling prices and quantities of carrageenan products, as well as a reversal of inventory provisions due to favorable market conditions and reduced seaweed prices.
More about Green Future Food Hydrocolloid Marine Science Co., Ltd.
Green Future Food Hydrocolloid Marine Science Co., Ltd. operates in the marine science industry, focusing on the production and sale of hydrocolloid products, particularly carrageenan. The company targets both domestic and international markets, with a notable increase in overseas sales orders.
YTD Price Performance: -2.82%
Average Trading Volume: 642,245
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$594.7M
Learn more about 1084 stock on TipRanks’ Stock Analysis page.