Tsit Wing announces positive profit alert

Tsit Wing International Holdings Limited (“Tsit Wing”, together with its subsidiaries, the “Group”; stock code: 2119.HK), an integrated B2B food and beverage solutions provider, has announced positive profit alert. The Group is expected to record an increase of approximately 30% to 35% in profit attributable to owners of the parent over that of the corresponding period in 2020. The increase was primarily attributable to the boost in sales of the beverage solutions segment in Mainland China as compared to that for the six months ended 30 June 2020, which is a result of the gradual easing of COVID-19 restrictions in the country during the period.

Wong Tat Tong, chairman, executive director and chief executive officer of the company, said: “With the COVID-19 situation under control, it is expected that the catering market will gradually recover. To seize business opportunities after the epidemic, the Group will continue to focus on the development of its business in Hong Kong and Mainland China, strengthen the core business of beverage solutions, and increase our market penetration in frozen processed food market.”