Cirtek Holdings (01433.HK) announced good news, expecting to record revenue of no less than 0.26 billion yuan for the six months ending on June 30, 2024, compared to revenue of approximately 0.16 billion yuan for the same period in 2023. After-tax net profit is expected to be no less than 28 million yuan, compared to after-tax net loss of approximately 18.7 million yuan for the same period in 2023.
The company explained that the expected growth in revenue and the turn from loss to profit is mainly due to the gradual recovery of demand for clothing brands in various regions and the increase in customer orders, which has driven steady growth in revenue during the reporting period. The Group implemented strict cost management and effective resource allocation, resulting in an increase in gross margin during the reporting period. (js/k)
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