Wahsun Handbags International Holdings (02683.HK) announced that it expects the half-year net profit as of the end of September to be between 25 million and 29 million yuan, an increase of 19% to 38%, compared to a net profit of approximately 21 million yuan for the same period last year.

The company indicated that the increase is mainly due to a 5% increase in revenue from continuous orders from new customers and sales from europe, an increase in the quantity of products sold, and the continued implementation of strict cost control measures, which successfully reduced operating costs, leading to an increase in gross margin and gross margin ratio. (vc/w)

~