Texhong International Group to Swing to Profit in 2024

MT Newswires Live

2025/01/24

Texhong International Group (HKG:2678) expects a net profit of 580 million yuan for 2024, against a net loss of 299 million yuan in 2023, a Friday Hong Kong bourse filing said.

The yarn company attributed the turnaround to increased sales volume and capacity utilization, which resulted from the recovery of market demand in the textile industry.

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