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Sinofert Holdings Projects Significant Profit Growth for 2024

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Sinofert Holdings Projects Significant Profit Growth for 2024

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Sinofert Holdings ( (HK:0297) ) has issued an update.

Sinofert Holdings Limited announced a positive profit alert for the year ended December 31, 2024, expecting a significant increase in profits attributable to the company’s owners, between RMB1,010 million and RMB1,110 million, compared to RMB626 million in the previous year. The increase, excluding certain impairment and credit losses, is driven by advancements in their ‘Bio+’ strategy and improvements in production and supply chain management. This highlights the company’s strong operational execution and strategic focus on technological innovation, potentially enhancing its industry position and delivering value to stakeholders.

More about Sinofert Holdings

Sinofert Holdings Limited is a company incorporated in Bermuda with limited liability, focusing on the production and sale of fertilizers. It has a strategic emphasis on technological innovations and the ‘Bio+’ strategy to enhance its product management system and supply chain, particularly in the bio-fertilizers sector.

YTD Price Performance: -6.00%

Average Trading Volume: 11,250

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1B

See more data about 0297 stock on TipRanks’ Stock Analysis page.

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