EAST BUY's stock price surged 15.75% during intraday trading, reaching its highest level in over three months. The significant upward movement represents the stock's largest single-day percentage gain in several months.
The sharp increase follows the company's announcement of a remarkable financial turnaround. EAST BUY reported a net profit of 239 million yuan for the six months ended in November, a dramatic improvement from a loss of 96.8 million yuan during the same period a year earlier. Additionally, the company's revenue grew by 5.7% year-over-year to 2.3 billion yuan during this period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments