Haina Intelligent Equipment Expects Return to Profit in H1

MT Newswires Live

08/18

Haina Intelligent Equipment International (HKG:1645) expects a net profit of at least 6 million yuan for the six months ended June 30, reversing a loss of 13.6 million yuan in the same period last year, according to an Aug. 15 Hong Kong bourse filing.

The turnaround is attributed to higher sales of machines for disposable hygiene products, cost reductions from technical upgrades, and a reversal of impairment losses on trade receivables.

The company is finalizing its interim results, expected to be released in August.

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