China Tobacco International (HK) Co (HK:6055) has released an update.
China Tobacco International (HK) Co anticipates a robust financial performance for the first half of 2024, projecting at least a 10% increase in revenue and a 30% rise in profits compared to the same period last year. This positive outlook is credited to the company’s strategic adjustments in its cigarette export portfolio, seasonal variations boosting tobacco leaf product imports, and effective sourcing and pricing for its tobacco leaf export business. Investors are advised to await the forthcoming detailed interim results before making any trading decisions.
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