Pan Asian International (02516) rose more than 3% after the profit surprise, up 3.61% to HK$0.86 at the time of publication, with a turnover of HK$1.1992 million.
According to the Zhixin Finance APP, Pan Asian International (02516) rose more than 3% after the profit surprise, up 3.61% to HK$0.86 at the time of publication, with a turnover of HK$1.1992 million.
On the news front, Pan Asian International announced that the group expects to achieve (i) revenue of approximately RMB 1.35 billion to RMB 1.5 billion for the six months ended June 30, 2024, an increase of approximately 100% to 123% compared to the same period last year. This growth is mainly due to the significant growth in air freight business in the freight forwarding services during the relevant period, as well as the contribution of customs clearance and distribution business in other logistics services; and (ii) net profit attributable to owners of approximately RMB 30 million to RMB 40 million for the relevant period, an increase of approximately 165% to 253% compared to the same period last year. This growth is mainly due to the increase in the total amount of revenue and no listing expense incurred during the relevant period compared to the same period last year.
