Zhongxin Fruit and Juice (SGX:5EG) expects to book "a significantly higher revenue" and net profit for the fiscal first half ended Dec. 31, 2024, according to a filing with the Singapore Exchange on Monday.
The company attributed this to a substantial increase in total sales volumes and higher customer demand for its concentrated fruit juices and fructose.
The fruits and vegetables distributor will release its financial results by Feb. 14.
Shares of the company surged 100% in recent trading.
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