Tianli International Forecasts Up to 23% Boost in Six-Month Profit

MT Newswires Live

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Tianli International (HKG:1773) expects a profit of between 450 million yuan and 480 million yuan for the six months ended Feb. 28, up 15% to 23% from 390 million yuan a year prior, according to a Friday Hong Kong bourse filing.

Shares of the education management firm were down nearly 2% in Monday afternoon trading.

Revenue is anticipated to jump 12% to 17% to between 2.1 billion yuan and 2.2 billion yuan for the half year from 1.88 billion yuan in the year-ago period.

The firm attributed the forecast to a significant rise in revenue from product sales, smart education services, and management services.

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