Yan Palace Bird Forecasts Up to 35% Rise in H1 Profit
MT Newswires Live
Jul 24
Xiamen Yan Palace Bird's Nest Industry (HKG:1497) expects a net profit of between 72 million yuan and 81 million yuan for the six months ended June 30, up 20% to 35% year over year, a Thursday Hong Kong bourse filing said.
The restaurant operator attributed the anticipated rise in profit mainly to a boost in production efficiency and a decline in the selling expense ratio.
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