Auntea Jenny (HKG:2589) expects to post profit of 304 million yuan to 325 million yuan for the first half, up about 50% to 60% from 203 million yuan a year earlier.
The company attributed the expected earnings growth to the continued execution of its multi-brand strategy, which supported steady expansion of its store network through differentiated brand positioning, according to a Friday Hong Kong bourse filing.
Shares of the tea brewer were up 4% in Monday afternoon 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