Persistence Group Forecasts 50% Profit Surge

Persistence Resources Group Ltd (HK:2489) has released an update.

Persistence Resources Group Ltd has announced a projected net profit increase of approximately 50% to RMB79 million for the first half of 2024, compared to the same period the previous year. The growth is attributed to higher average selling prices and increased interest income, despite higher administrative expenses post-listing. The company’s interim results are yet to be audited and finalized, with a detailed report expected by the end of August 2024.

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