Ming Fai Projects Significant Profit Growth

Ming Fai International Holdings (HK:3828) has released an update.

Ming Fai International Holdings Limited anticipates a notable jump in profits for the first half of 2024, projecting at least HK$50.0 million, a substantial increase from HK$38.5 million in the same period the previous year. This financial boost is credited to the resurgence of the travel, tourism, and aviation sectors post-pandemic, alongside effective cost control measures improving gross profit margins. However, the company cautions that these figures, based on unaudited accounts, are preliminary and subject to change upon final review.

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