Zibuyu Group Limited (HK:2420) has released an update.
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Zibuyu Group Limited anticipates a significant increase in net profit for the first half of 2024, estimating a rise of approximately 745% to 842% compared to the same period last year. This surge in profitability is attributed to higher revenue, reduced warehousing costs through better inventory management, and decreased labor costs due to operational efficiency improvements. The company cautions shareholders and potential investors to await the finalized interim results due by the end of August 2024 before making investment decisions.
For further insights into HK:2420 stock, check out TipRanks’ Stock Analysis page.