tiprankstipranks
YuanShengTai Dairy: Remarkable Mid-Year Profit Surge
Company Announcements

YuanShengTai Dairy: Remarkable Mid-Year Profit Surge

YuanShengTai Dairy Farm (HK:1431) has released an update.

Don't Miss Our Christmas Offers:

YuanShengTai Dairy Farm Limited reports a notable turnaround with an unaudited profit of RMB 128,996 thousand for the six months ended June 30, 2024, a significant improvement from the loss of RMB 264,077 thousand in the same period last year. The company also saw a rise in total comprehensive income to RMB 130,761 thousand, reflecting a strong recovery in operational performance. This positive financial momentum is driven by increased revenues and a substantial reduction in impairment losses and changes in fair value of biological assets.

For further insights into HK:1431 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App