YuanShengTai Dairy Farm (HK:1431) has released an update.
YuanShengTai Dairy Farm Limited announced a positive profit alert, expecting to report a net profit of RMB100 million to RMB150 million for the first half of 2024, a significant turnaround from the RMB264.1 million net loss in the same period last year. The improvement is attributed to increased sales volume, reduced feed costs, and a decrease in the loss on biological assets’ fair value changes. Full financial details will be released in the company’s interim results by the end of August 2024.
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