Weilong Delicious Global Holdings Limited (HK:9985) has released an update.
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WEILong Delicious Global Holdings Ltd has issued a positive profit alert, projecting a significant increase of 34% to 39% in net profit for the first half of 2024, with expected earnings ranging from RMB 599.1 million to RMB 621.5 million. This rise is credited to successful business strategies, including omni-channel promotion and brand building, as well as improved gross margins due to increased capacity utilization and reduced raw material costs. The company cautions that these preliminary figures haven’t been reviewed by auditors and that final interim results will be published in mid-August 2024.
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