Zixin Group expects net profit for 1HFY2025
Shares in Zixin Group closed flat at 2.8 cents on Oct 24.
Zixin Group Holdings is expecting to report a net profit for 1HFY2025 ended September, it says in a profit guidance filing.
Following a preliminary review of the group’s unaudited results, the expected net profit comes on the back of the group’s revenue growth in 1HFY2025. This was due to an increase in the sales and volume of sweet potato seedlings, fresh sweet potatoes, and sweet potato processed snack products in comparison to 1HFY2024.
The group says that Zixin Group is currently in the process of finalising its consolidated financial statement and that further details are expected to be disclosed in the release of its results on or before Nov 14.
Shares in Zixin Group closed flat at 2.8 cents on Oct 24.
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