LEVER STYLE (01346) expects annual net profit to increase from 16.4 million to 17.4 million US dollars compared to the previous year.

LEVER STYLE (01346) announced that despite a trade receivables impairment loss of USD 2.4 million in the first half of 2024, resulting in a decrease of USD 1.5 million in after-tax profit in the first half of 2024 compared to the previous period, the group is expected to achieve an after-tax profit between USD 16.4 million and USD 17.4 million for the year ending December 31, 2024, as compared to the after-tax profit of USD 15.6 million for the year ending December 31, 2023. The directors believe that this improvement is mainly due to: (i) the group successfully winning new customers; and (ii) achieving deeper penetration and organic growth with existing customers in multiple product categories.