Brief: Chervon Holdings Sees FY Net Profit $110 Million To $120 Million
16/01/2025 16:44
Jan 16 (Reuters) - Chervon Holdings Ltd 2285.HK :
* SEES NET PROFIT US$110 MILLION TO US$120 MILLION FOR YEAR
* EXPECTED RESULT DUE TO INCREASE IN REVENUE BY 25% TO 30%
IN FY,
OTHERS
* UNIT PLANS TO CLOSE PRODUCTION AT ITS STEINHEIM FACILITY
IN
GERMANY BY END OF 2025
* PRODUCTION FACILITY WILL BE RELOCATED TO CHINA
* REPOSITIONING OF STEINHEIM FACILITY IS EXPECTED TO RESULT
IN
COST SAVINGS OF US$10 MILLION PER YEAR
Further company coverage: 2285.HK
((Reuters.Briefs@thomsonreuters.com;;))
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