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Lonking Holdings ( (HK:3339) ) has provided an update.
Lonking Holdings Limited has announced a positive profit alert, expecting a significant increase in net profit for the year ended December 31, 2024. The anticipated growth, ranging between 55% and 66% compared to the previous year, is attributed to improved gross margins due to enhanced product quality and cost control, alongside a rise in export income and net income from financial assets. This development underscores Lonking’s strategic efforts to strengthen its market position and profitability.
More about Lonking Holdings
Lonking Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the manufacturing and distribution of construction machinery and equipment. The company focuses on improving product quality and expanding its presence in international markets through increased export income.
YTD Price Performance: 2.11%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $829.9M
For a thorough assessment of 3339 stock, go to TipRanks’ Stock Analysis page.