Nine Dragons (HKG:2689) expect a profit of between 650 million yuan and 700 million yuan for the six months ended Dec. 31, 2024, up 110% to 130% from 302.5 million yuan a year prior, a Friday bourse filing said.
The paper manufacturer attributed the higher anticipated profit mainly to a higher sales volume and a higher gross profit.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.