Texhong Textile Group (DE:T1TA) has released an update.
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Texhong Textile Group anticipates a significant financial turnaround with an expected net profit of RMB280 million for the first half of 2024, a marked improvement over the previous year’s RMB740 million loss. This projected upswing is attributed to a surge in demand leading to increased sales and better utilization of production capacity, although some exchange losses are anticipated due to the Vietnamese Dong’s depreciation.
For further insights into DE:T1TA stock, check out TipRanks’ Stock Analysis page.
