Chervon Holdings (HKG:2285) expects a net profit of between $100 million and $110 million for the six months ended June 30, up 5% to 15% from $95.3 million a year prior.
The power tools maker attributed the expected increase mainly to revenue growth, particularly from its own branded products, stronger gross profit margins from EGO products and tariff refunds, according to a Thursday Hong Kong bourse filing.
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