Baiwang Flags H1 Profit, Rise in Revenue

MT Newswires Live

08/04

Baiwang (HKG:6657) said it expects to post a profit in H1, according to a Hong Kong bourse filing Monday.

The company expects net profit of 3 million yuan to 5 million yuan for the six months ended June 30, compared to a loss of 445.8 million yuan a year prior.

Revenue for the period is expected to be 330 million yuan to 380 million yuan, rising from the 281.6 million generated last year.

The company's financial results are due in late August.

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