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YuanShengTai Dairy Farm ( (HK:1431) ) has shared an announcement.
YuanShengTai Dairy Farm Limited has issued a positive profit alert, indicating a significant turnaround in its financial performance for the year ending December 31, 2024. The company anticipates a net profit between RMB270 million and RMB320 million, contrasting with the net loss of RMB339.7 million reported for the previous year. This improvement is attributed to increased sales volume, reduced feed costs, and a decrease in the loss on the fair value of biological assets. The full financial results are expected to be disclosed by the end of March 2025.
More about YuanShengTai Dairy Farm
YuanShengTai Dairy Farm Limited operates in the dairy industry, focusing on the production and sale of dairy products. The company is incorporated in Bermuda and is listed on the Stock Exchange of Hong Kong.
YTD Price Performance: 3.12%
Average Trading Volume: 464,462
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$773.9M
Learn more about 1431 stock on TipRanks’ Stock Analysis page.