Brief: Chervon Holdings Sees FY Net Profit $110 Million To $120 Million

Chervon Holdings

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 

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