Nanfang Communication Holdings Ltd. (HK:1617) has released an update.
Nanfang Communication Holdings Ltd. has issued a positive profit alert, indicating an expected unaudited profit of no less than RMB 5.0 million for the first half of 2024, which is a significant increase from the RMB 2.1 million recorded in the same period of 2023. This financial improvement is attributed to higher average selling prices of their products and reduced research costs following the completion of several development projects. However, the company cautions shareholders and potential investors that these preliminary figures are not yet audited and are subject to change.
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