Update Q3 results Hyfusin Group Holdings Ltd 凱富善集團 (8512.hk)

The company issued a positive profit alert regarding the Q3 results. Based on the preliminary accounting information, the Group expects to record a profit attributable to the owners of the Company for the 3rdQ2020 of approximately HK$48.0 million to HK$53.0 million as compared with a profit attributable to the owners of the Company for the nine months ended 30 September 2019 of approximately HK$9.8 million. The increase of profit of the Group was primarily due to the increase in revenue from the new orders from customers of the Group.

This is an incredible quarter. The accumulated profit after the 6 first months of 2020 was 13.3M HKD, so the profit in the Q3 only was 35M to 40M HKD. More information at the official results publication next week around Nov 5.