Kingboard Laminates Holdings (HKG:1888) expects a minimum net profit of HK$700 million for the period ended June 30, 65% higher than the numbers from the same period last year, a Wednesday filing with the Hong Kong Exchange said.
The company attributed the increase to an increase in its sales quantity resulting from increased market demand and the company's comprehensive vertical integration business model.
The company's shares were up over 2% on Wednesday's close.
Price (HKD): $6.49, Change: $+0.13, Percent Change: +2.04%
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