WEILONG Delicious Global Holdings (HKG:9985) expects a net profit of between around 599.1 million yuan and 621.5 million yuan for the six months ended June 30, up 34% to 39% from 447.1 million yuan during the year-ago period, a Thursday bourse filing said.
The snack food manufacturer attributed the rise in profit mainly to a higher online and offline revenue, as well as a boost in overall gross profit margin amid a rise in capacity utilization and decrease in certain raw material prices.
Shares of the company closed over 1% higher on Thursday.
Price (HKD): $5.93, Change: $+0.08, Percent Change: +1.37%
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