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Quanfeng Holdings Expects Mid-Year Net Profit of $100-110M, Up 5%-15% YoY

GateNews
Stocks
CHERVON-0.94%
Quanfeng Holdings (02285) expects mid-year net profit of approximately $100-110 million for the six months ended June 30, representing a 5%-15% year-over-year increase from $95.3 million in the same period last year. The company attributed the projected profit growth to steady revenue expansion, particularly from its own-brand products business, higher gross margins from EGO products, and tariff rebates.
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