Vanov Warns of 64% Drop in H1 Profit

MT Newswires Live

08/11

Vanov Holdings (HKG:2260) expects an attributable profit of between 6.6 million yuan and 7.6 million yuan in the first half of 2025, down 59% to 64% from 18.4 million yuan a year prior, a Monday Hong Kong bourse filing said.

The papermaking felt manufacturer attributed the forecast to strategic investments in capacity upgradation and R&D, as well as a lower other income.

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