Tianli International Forecasts 17% Rise in Full-Year Profit; Shares Jump 9%

MT Newswires Live
11/06

Tianli International (HKG:1773) expects its profit for the fiscal year ending Aug. 31 to rise by about 17% year-on-year to 650 million yuan, according to a Hong Kong bourse filing Thursday.

Revenue for the fiscal year is expected to rise 8% to 3.60 billion yuan from 3.32 billion yuan in the prior year.

Shares of the education firm gained nearly 9% in morning trade Thursday.

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