Lotus Holdings (SHA:600186), formerly Lotus Health Group, expects its net profit attributable to shareholders in the first quarter to rise between 59% and 69% year on year to 160 million yuan and 170 million yuan, according to a Shanghai bourse filing on Friday.
The attributable profit a year earlier was 100.8 million yuan.
The food products and condiments maker attributed the forecast to an increase in revenue from product sales, among other factors.
The company's shares rose over 1% during midday trade.
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