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GDH Guangnan to More Than Double 2024 Profit
GUANGNAN (HOLD) (01203.HK) expects its annual profit to increase by no less than 105%.
Gelonghui reported on February 28 that GUANGNAN (HOLD) (01203.HK) announced that according to the company's preliminary review of the unaudited consolidated management accounts for the group for the year ending December 31, 2024, it is expected that the unaudited consolidated profit attributable to shareholders of the company will increase by no less than 105% to at least 0.135 billion Hong Kong dollars, based on the audited consolidated profit of 66 million Hong Kong dollars for 2023. The expected increase in profit is mainly due to the following factors: (i) in the food biological business, benefitting from the rise in live pig prices in 2024, the operation of live pig farming and sales.
Express News | GDH Guangnan - Expected Result Due to Performance of Associates Engaging in Pig Farming and Pig Sales Has Improved, Others
GUANGNAN (HOLD): POSITIVE PROFIT ALERT
Raising White Chickens = Raising Chickens for Free? The price of white-feathered broilers has dropped to 10 yuan for 4 jin, and farmers are facing "violent capacity reduction"?
Recently, in some areas of ShanDong, the Quote for white feather broilers has dropped to 10 yuan for 4 jin, reaching a new low in nearly 5 years, causing heavy losses for farmers; The industry believes that the main reason for the plummeting price of broilers is the short-term oversupply combined with slaughterhouses taking advantage to "harvest profits."
Express News | GDH Guangnan - Formation of Project Company With Registered Capital of RMB90 Mln
