Wah Sun Handbags Expects Major Profit Jump

Wah Sun Handbags International Holdings Ltd. (HK:2683) has released an update.

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.

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