Kam Hing Expects Profitable Turnaround in 2024

Kam Hing International Holdings Limited (HK:2307) has released an update.

Kam Hing International Holdings Limited is poised for a notable financial turnaround, with an expected net profit of HK$2 million to HK$5 million for the first half of 2024, in contrast to a net loss of HK$24.7 million in the same period the previous year. This positive shift is attributed to increased sales volume, higher gross profit margins from good margin orders, and reduced finance charges due to decreased borrowings. Investors are advised to exercise caution and anticipate detailed interim results by the end of August 2024.

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