Singamas Container Holdings (HK:0716) has released an update.
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Singamas Container Holdings Limited has issued a positive profit alert, projecting a significant increase in profits for the first half of 2024, with expectations to exceed US$15 million, up from US$9.776 million in the previous year. The uptick is attributed to heightened global trade, resulting in increased demand for dry freight containers and improved utilization of production facilities, alongside growth in the leasing business and demand for specialized containers like those for energy storage.
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