Summary by Moomoo AI
KB Laminates Holdings Limited ("KB Laminates") issued a profit alert on August 7, 2024, expecting unaudited net profit for the six months ending June 30, 2024 to exceed HKD 700 million, an increase of more than 65% compared to the same period in 2023. This growth is mainly due to the increase in market demand and significant increase in product sales volume. KB Laminates' business model is vertically integrated, and the board of directors believes this is another driving force for net profit growth. The forecast is based on preliminary assessments and management accounts and has not yet been audited by auditors. The company will disclose detailed financial information in accordance with listing rules before the end of August 2024.
