Luen Fat Shares (002394): Net Profit In The First Quarter Increased By 40%-60%
In April 13th, 002394.SZ announced the first quarter results announcement in 2020. The company expects to achieve a net profit of 103 million yuan -1.17 billion in the 1-3 months of 2020, an increase of 40%-60% over the same period last year.
During the reporting period, the fair value of the trading financial assets held by the company has been greatly affected by the fluctuation of the stock market, resulting in the contribution of non recurring gains and losses to net profit is estimated to be between 85 million yuan and -1 billion yuan.
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