Yofeng Group (01695) announced that the tax-haven loss was about 4.56 million Malaysian ringgit for the six months ended June 30, 2023 (1H 2023)...the group expects to achieve a post-tax profit of no less than 3 million Malaysian ringgit for the six months ending June 30, 2024 (1H 2024).

Compared with the first half of 2023, the group achieved the following data in the first half of 2024: the sales revenue of coconut-related products increased by about 39%; the gross profit increased by about 64% due to the increase in sales volume and the improvement of production efficiency; the unrealized foreign exchange translation loss was reduced by about 3 million Malaysian ringgit; and the operating expenses increased by about 0.9 million Malaysian ringgit, mainly due to employee-related and logistics costs.