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The latest update is out from Kam Hing International Holdings Limited ( (HK:2307) ).
Kam Hing International Holdings Limited has issued a positive profit alert, indicating a significant financial turnaround for the fiscal year 2024. The company expects to report a net profit between HK$26 million and HK$33 million, a notable improvement from the HK$134.8 million net loss in 2023. This turnaround is attributed to increased sales volume, improved gross profit margins, reduced finance charges, and a one-off gain from the disposal of a subsidiary.
More about Kam Hing International Holdings Limited
Kam Hing International Holdings Limited is a company incorporated in the Cayman Islands, operating in the textiles industry. The company, along with its subsidiaries, focuses on the production and sale of textile products.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €12.9M
For a thorough assessment of 2307 stock, go to TipRanks’ Stock Analysis page.