Kingboard Laminates Expects Soaring Profits

Kingboard Laminates Holdings (DE:KLN) has released an update.

Kingboard Laminates Holdings Limited has announced a positive profit alert, expecting a significant increase in net profits of over HK$700 million for the period ended June 30, 2024, marking a rise of over 65% compared to the same period last year. This growth is largely due to a robust demand for the group’s products and the effectiveness of their comprehensive vertical integration business model. Shareholders and potential investors are encouraged to exercise caution and anticipate the detailed financial results to be published by the end of August 2024.

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