Jinwu Financial News | Lam Shun (Hong Kong) (00411) rose against the market in early trading. As of press release, it rose 3% to HK$7.9, with a turnover of HK$55,300.
Lan Shun (Hong Kong) announced that it is expected to record a net profit of approximately HK$120 million to HK$140 million for the six months ended 31 December 2023, compared with a net profit of HK$42 million compared to the same period last year.
According to the announcement, the expected increase in net profit is mainly due to a decrease in the cost of wheat and the cost of raw materials for cooking oil due to stable global supply, as well as an increase in sales volume and an improvement in the product portfolio.