NEWTREND GROUP Surges Over 5% in Early Trading on Projected 500%-600% Profit Growth for First Half
Deep News
Aug 15
NEWTREND GROUP (02573) saw its share price climb 5.01% in early trading, reaching HK$14.05 with a trading volume of HK$3.2179 million.
The company issued a profit alert, projecting revenue growth of 50% to 60% year-over-year for the first half of 2025, while profits are expected to surge 500% to 600% compared to the same period last year. The significant performance improvement is primarily attributed to increased sales volumes of the group's main products - sucralose and food-grade glycine - which have driven higher revenue and gross margins during the period.
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