Cinda International Forecasts Major Profit Jump

Cinda International Holdings Limited (HK:0111) has released an update.

Cinda International Holdings Limited anticipates a significant increase in consolidated net profit, projecting about HK$11 to 15 million for the first half of 2024, a substantial rise from the HK$0.28 million reported in the same period of 2023. This profit surge is attributed to increased revenue from the corporate finance segment, particularly underwriting fees from offshore bond issuances, and effective cost control measures. The company advises shareholders and potential investors to exercise caution when dealing in its shares.

For further insights into HK:0111 stock, check out TipRanks’ Stock Analysis page.