Tianli International (HKG:1773) expects its profit for the fiscal year ending Aug. 31 to rise by about 17% year-on-year to 650 million yuan, according to a Hong Kong bourse filing Thursday.
Revenue for the fiscal year is expected to rise 8% to 3.60 billion yuan from 3.32 billion yuan in the prior year.
Shares of the education firm gained nearly 9% in morning trade Thursday.
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.