Karrie Int'l (01050.HK) announced on October 18th that the group expects the unaudited comprehensive financial performance of equity holders for the six months ended September 30, 2024 ('the period') to increase by no less than 30% compared to the same period in 2023.

The announcement stated that the expected profit growth during the period is mainly attributed to the strong demand in the artificial intelligence (AI) server market, driving steady growth in AI server mold sales and server casing orders, which in turn boosts the income of the hardware and plastic business. During the period, with the increasing proportion of hardware and plastic business income, the decline in raw material costs, and the improvement in production efficiency, the group's overall gross margin and profit level are expected to further enhance. This positive profit forecast fully demonstrates the benefits and competitive advantages of the group in the server market.