Zixin Group (SGX:42W) expects to book a significantly higher net profit for the fiscal year ended March 31, as compared to a year ago, according to a filing with the Singapore Exchange on Tuesday.
The company has attributed this to an increase in sales and volumes of fresh sweet potatoes, sweet potato processed products, and sweet potato seedlings.
The company will release its results by May 30.
Shares of the sweet potato distributor were up over 3% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.