EDA Group Expects Up to 10% Higher Profit in H1

MT Newswires Live07-30

EDA Group Holdings (HKG: 2505) expects a net profit of about 28.9 million yuan to 31.8 million yuan, representing an increase of approximately 0% to 10%, for the six months ended June 30, compared to the net profit of 28.9 million yuan for the previous year.

The company attributed the expected net profit to the revenue generated from the increase in service volume and freight rates, according to a Monday filing on the Hong Kong bourse.

The China-based holding company providing one-stop end-to-end supply chain solutions plans to publish its interim results by the end of August.

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