Tianli International Holdings (HKG:1773) expects to record an adjusted profit of 577 million yuan for the fiscal year ended Aug. 31, up 56% from 369 million yuan a year ago.
The education services provider also anticipates a 43% increase in full-year revenue, according to a Thursday disclosure with the Hong Kong Exchange.
Tianli International attributed the upbeat forecast to the rise in customers, growth in product sales through online campus stores, and integration of supply chain resources.
Shares of the company were up 6% in recent trade.
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