YuanShengTai Dairy Farm (HK:1431) has released an update.
YuanShengTai Dairy Farm Limited reports a notable turnaround with an unaudited profit of RMB 128,996 thousand for the six months ended June 30, 2024, a significant improvement from the loss of RMB 264,077 thousand in the same period last year. The company also saw a rise in total comprehensive income to RMB 130,761 thousand, reflecting a strong recovery in operational performance. This positive financial momentum is driven by increased revenues and a substantial reduction in impairment losses and changes in fair value of biological assets.
For further insights into HK:1431 stock, check out TipRanks’ Stock Analysis page.
