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GDH Guangnan Announces Over 105% Profit Increase for 2024

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GDH Guangnan Announces Over 105% Profit Increase for 2024

The latest update is out from GDH Guangnan (Holdings) Limited ( (HK:1203) ).

GDH Guangnan (Holdings) Limited, a company involved in the fresh and live foodstuffs and tinplating industries, has announced a significant increase in its unaudited consolidated profit for the year ended December 31, 2024. The profit is expected to be not less than HK$135 million, marking an increase of over 105% compared to the previous year. This growth is attributed to improved performance in the company’s pig farming and sales segment due to increased swine prices, although it was partially offset by decreased profits in the tinplating segment due to intensified industry competition.

More about GDH Guangnan (Holdings) Limited

YTD Price Performance: 4.29%

Average Trading Volume: 18,888

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €74.13M

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