Changes in Hong Kong stocks | Le Comfort (02698) rose more than 5% in the morning and is expected to increase net profit of no less than US$73 million in the first half of the year by no less than 40% year on year

The Zhitong Finance App learned that Le Comfort (02698) rose more than 5% in the morning. As of press release, it had risen 5.53% to HK$30.9, with a turnover of HK$169 million.

According to the news, Le Comfort issued an announcement stating that revenue for the first half of the year is expected to be no less than US$328 million, an increase of no less than 28% over the previous year. Meanwhile, profit for the first half of the year is expected to be no less than US$73 million, an increase of no less than 40% year on year; adjusted net profit is expected to be no less than US$75 million, an increase of no less than 47% year on year.

The increase in performance is mainly due to the collaborative growth of sales volume and average sales unit price, deepening of sales channels, and expansion of new markets. The core markets of East Africa and West Africa maintain their leading position, while actively exploring the Latin American market. Furthermore, the strengthening of the exchange rate of currencies in major operating regions against the US dollar contributed to an increase in unit sales prices. The company also further boosted profit growth by increasing revenue from bank balances and saving listing expenses.