Summary by Futu AI
On August 20, 2024, Far East International released a positive profit forecast, with expected revenue of RMB 1.35 billion to RMB 1.5 billion for the six months ended June 30, 2024, a year-on-year increase of about 100% to 123%. The growth is mainly attributed to significant increases in air freight business and customs clearance and distribution business. At the same time, the attributable net profit of the owner is expected to be between RMB 30 million and RMB 40 million, an increase of about 165% to 253% from the same period last year, mainly due to revenue growth and no listing expenses. The board of directors emphasized that this is a preliminary evaluation and has not been reviewed by auditors. Actual performance may vary. The company will announce the details of its mid-term performance on August 28, 2024.