YesAsia Foresees 150% Surge in 2024 Profit

MT Newswires Live

01-23

YesAsia (HKG:2209) forecasts its consolidated net profit to surge 150% to a record high of at least $19 million in 2024 from $7.6 million in 2023, according to a Thursday filing with the Hong Kong Exchange.

The foreseen increase in profit at the fashion company is attributable to higher revenue and gross profit.

Revenue is seen to grow 72% to $345.7 million in 2024 from $201.3 million in 2023 due to higher sales of beauty products, the filing said.

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