Shares of YESASIA HLDGS (02209) surged more than 19% after the company issued a profit alert. As of press time, the stock was trading 18.77% higher at HK$3.29, with a turnover of HK$1.6998 million.

On July 24, YESASIA HLDGS announced that the Group expects to record a net profit of approximately US$18.3 million for the six months ending June 30, 2026 (compared to US$14.1 million in the prior period), representing an increase of about 30.0% year-on-year.

The announcement attributed the increase in net profit primarily to strong revenue growth during the reporting period, which drove higher gross profit. Additionally, due to the Group's ongoing cost management efforts, administrative expenses grew at a slower pace than revenue, thereby improving overall profitability. The above expected net profit has accounted for a one-off expense of approximately US$1.2 million related to severance benefits resulting from organisational restructuring.