STO Express Expects Significant Jump in Q3 Profit; Shares Down 3%

MT Newswires Live

2024/10/15

STO Express (SHE:002468) forecasted annual profit growth ranging between 6,430% and 8,181% in the third quarter, according to a Tuesday filing with the Shenzhen bourse.

The logistics service provider expected Q3 net profit attributable to shareholders to range between 179 million yuan and 227 million yuan, or between 0.1190 yuan per share and 0.1509 yuan per share, compared with the year-ago figure of 2.7 million yuan, or 0.0018 yuan per share.

The company's shares were down nearly 3% recently.

Price (RMB): Â¥11.25, Change: Â¥-0.30, Percent Change: -2.60%

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