Best Pacific anticipates significant profit surge for FY2024

Best Pacific International Holdings (HKEX:2111) announced a positive profit alert, anticipating a significant increase in net profit attributable to owners of the company for the fiscal year 2024. The company projects a rise of approximately 70% to 80% compared to the HK$346.9 million reported for the year ended December 31, 2023. The projected profit surge is primarily due to increased overall revenue driven by recovering market demand, better economies of scale, and stringent cost control on finance costs and other operating expenses. The company plans to release its full financial results for FY2024 on March 24, 2025. Investors are advised to exercise caution when dealing in the shares.