Weilong Delicious Global Holdings Limited (HK:9985) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
WEILong Delicious Global Holdings Ltd has issued a positive profit alert, projecting a significant increase of 34% to 39% in net profit for the first half of 2024, with expected earnings ranging from RMB 599.1 million to RMB 621.5 million. This rise is credited to successful business strategies, including omni-channel promotion and brand building, as well as improved gross margins due to increased capacity utilization and reduced raw material costs. The company cautions that these preliminary figures haven’t been reviewed by auditors and that final interim results will be published in mid-August 2024.
For further insights into HK:9985 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue