Summary by Moomoo AI
Lee & Man Paper Limited issued a positive profit warning on July 18, 2024, forecasting that its profits for the six months ending June 30, 2024 will be approximately 2.2 times that of the same period last year. This growth is mainly due to the increase in the group's profit margin. The company noted that this preliminary assessment is based on unaudited management accounts and may be subject to adjustments. Lee & Man Paper also reminded shareholders and potential investors to act prudently before the release of unaudited mid-year performance. The company expects to release a detailed mid-year performance report by the end of August 2024.
