Wah Sun Handbags International Holdings Ltd. (HK:2683) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Wah Sun Handbags International Holdings Ltd. has issued a positive profit alert, anticipating a significant increase in net profits for the year ended March 31, 2024, projecting between HK$26 million to HK$30 million, compared to HK$8 million the previous year. This surge is credited to a 33% revenue increase and market recovery post-COVID-19 in North America, alongside effective cost control measures. However, shareholders are cautioned as the audited results are pending, with a detailed financial report expected in June 2024.
For further insights into HK:2683 stock, check out TipRanks’ Stock Analysis page.