YST Dairy (01431) announced that the group expects to achieve a net profit of approximately RMB 0.1 billion to RMB 0.15 billion for the six months ending June 30, 2024, mainly due to the acquisition of pure...
Futu Financial News App-The board of directors of YST Dairy (01431) has announced that the group is expected to achieve a net profit of approximately RMB 0.1-0.15 billion for the six months ending on June 30, 2024. The net loss for the corresponding period ending on June 30, 2023 was approximately RMB 0.264 billion. The board of directors reached the above opinions after considering the following main factors: due to the increase in sales and the decrease in feed costs for dairy cows, the gross profit increased compared to the corresponding period; and the fair value change of biological assets in this period reduced the loss from the corresponding period.
