Zhitong Financial APP learned that time Group Holdings (01023) rose more than 9%. As of press time, it rose 9.41% to HK $0.93, with a turnover of HK $1.8857 million.
On the face of the news, time Group Holdings announced yesterday that the group expects to achieve a profit attributable to the company's owners of not less than HK $200 million for the year ended June 30, 2023, compared with about HK $112 million for the same period in 2022, equivalent to an increase of not less than 79.2%. The expected increase in net profit is mainly due to the increase in profit margins from the group's manufacturing business.