Xin Yuan Ent (01748) announced that the group is expected to achieve an unaudited net profit increase of more than 80% for the six months ending on June 30, 2024 (this period), compared to a net profit of about 5.5 million US dollars for the six months ending on June 30, 2023.
The Board of Directors believes that the expected increase is mainly due to the realized net profit of approximately 3.6 million US dollars from the sale of ships during this period; and the increased revenue generated by the asphalt voyage lease service.
