Yangzijiang shares soar 13%. More upside ahead?

Yangzijiang's share price rose 12.6% to reach S$2.68 as of mid-day on 13 August, after the company reported its earnings for the first half of 2024 (1H24).

Net profit grew 77.2% year on year to RMB3.06bn (S$563m) in 1H24.

Revenue grew 15.3% year on year to RMB13.05bn (S$2.4bn) in 1H24.