Shenzhen International Forecasts Stellar Profit Rise

Shenzhen International Holdings (HK:0152) has released an update.

Shenzhen International Holdings Limited anticipates a significant profit boost for the first half of 2024, projecting an increase of 500% to 600% over the previous year’s same period, reaching a profit of HK$550 million to HK$650 million. This surge is credited to the successful disposal of logistics hubs to infrastructure public REITs and effective management of financial costs through reduced foreign currency loans. Investors are cautioned to be prudent dealing in the company’s securities as these preliminary results are yet to be finalized and audited.

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