Gelonghui reported on November 14 that tianli int hldg (01773.HK) announced that the group expects to record for the year ending August 31, 2024: (i) revenue of approximately 3.3 billion yuan, an increase of about 43% year-on-year; and (ii) adjusted profit of approximately 0.577 billion yuan, an increase of about 56% compared to the previous year's adjusted profit of approximately 0.369 billion yuan (reclassified).
The group's financial performance in terms of revenue and profit has improved for the year, mainly due to the steady increase in the number of clients served through the comprehensive education services provided by the group and significant growth in product sales revenue achieved through the operation of the online campus mall and integration of supply chain resources. Looking ahead, as the client base served by the group continues to grow steadily and various businesses are being advanced in an orderly manner, the company is confident in its own business development and prospects, and will continue to strive to deliver high growth performance to reward the shareholders.
