The profit comes from a substantial increase in total sales volume as compared to the 1HFY2024, arising from higher customer demand for the group's concentrated fruit juices and fructose product.
Zhongxin Fruit has issued a profit guidance for its 1HFY2025 results ended Dec 31, 2024.
The group says it expects a significantly higher revenue and net profit for the 1HFY2025 as compared to the corresponding period a year ago.
This came on the back of an substantial increase in total sales volume as compared to the 1HFY2024, arising from higher customer demand for the concentrated fruit juices and fructose produced by the group.
The group is currently in the process of finalising its results for the 1HFY2025, which is expected to be released on or before Feb 14.
Shares in Zhongxin Fruit closed flat 1.5 cents on Jan 20.
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