Trigiant Group Signals Strong Profit Growth

Trigiant Group Ltd. (HK:1300) has released an update.

Trigiant Group Limited has issued a positive profit alert, anticipating an 18.5% increase in profits for the first half of 2024 compared to the same period in 2023. The expected profit rise to RMB40.9 million is attributed to significant VAT credit concessions and reduced impairment losses, although tempered by a decrease in turnover and gross profit due to global telecom operators’ reduced capital expenditure. Investors are urged to exercise caution and await the detailed interim results set for release in late August 2024.

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