Tianli International Holdings (01773) announced interim results for the six months ended February 29, 2024, with earnings of about 1...
According to the Zhitong Finance App, Tianli International Holdings (01773) announced interim results for the six months ended February 29, 2024, with revenue of about 1,645 million yuan, up 73.8% year on year; profit during the adjusted period was about 319 million yuan, up 70% year on year; profit due to company owners was about 289 million yuan, up 67.77% year on year; basic profit per share was 13.90 points, with an interim dividend of 4.17 points per share.
According to the announcement, revenue growth was mainly driven by increased revenue from comprehensive education services and product sales. Revenue from comprehensive education services increased by 64.4% to 851 million yuan. The main reasons were: 1) the increase in the number of high school students enrolled; 2) the end of the pandemic led to a significant increase in the study tour business during the reporting period.