Kerry International (01050) expects profit attributable to equity holders in the medium term to increase by no less than 30% year over year

Zhitong Finance App News, Kerry International (01050) announced that the Group expects profit attributable to equity holders with unaudited consolidated financial results for the six months ending September 30, 2024 to increase by no less than 30% over the same period in 2023.

According to the announcement, the expected increase in profit during the period is mainly due to strong growth in demand in the artificial intelligence (AI) server market, driving a steady rise in AI server mold sales and server case orders, and driving an increase in hardware and plastic business revenue. During the period, the Group's overall gross margin and profit level are expected to increase further as the share of revenue from the hardware and plastic business increases, the Group's overall gross margin and profit level are expected to increase further. This positive profit forecast fully demonstrates the Group's beneficial results and competitive advantage in the server market.