Chervon (HKG:2285) expects a net profit of between $90 million and $100 million for the six months ended June 30, up around 50% from $61.6 million a year prior, a Tuesday Hong Kong bourse filing said.
The power tools maker attributed the anticipated higher profit mainly to a higher revenue, strong gross profit margin, favorable factors including exchange rates, and a one-off gain from a disposal.
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