AviChina Industry & Technology Co (HK:2357) has released an update.
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AviChina Industry & Technology Co.’s subsidiary AVICOPTER PLC forecasts a significant jump in net profit for the first half of 2024, with estimates ranging from RMB 270 million to RMB 300 million. This represents an impressive increase of approximately 114.35% to 138.17% over the same period in the previous year, attributed to an expansion in asset size and sales revenue following a helicopter restructuring asset acquisition. However, this performance is not expected to materially impact the Group’s mid-year unaudited interim results.
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