CALB to Up to Double 2024 Profit

MT Newswires Live

2025/02/24

CALB Group (HKG:3931) expects a net profit of between 786 million yuan and 874 million yuan for the year 2024, up 80% to 100% from 437 million yuan a year prior, a Monday filing with the Hong Kong bourse said.

The battery manufacturer attributed the anticipated boost in profit mainly to improved economies of scale, enhanced product performance, and lower costs.

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