S&P International Holding Limited (HK:1695) has released an update.
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S&P International Holding Limited has issued a profit alert, indicating a significant turnaround with an expected profit after tax of at least MYR3.0 million for the first half of 2024, a substantial improvement from the MYR4.56 million loss in the same period of 2023. This positive shift is attributed to a 39% increase in revenue from coconut-related products and enhanced production efficiency leading to a 64% rise in gross profit, despite a slight increase in operating costs. Shareholders and potential investors are advised to exercise caution as these preliminary figures are subject to finalization and adjustments.
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