CT Enterprise (03839) announces profit growth, with estimated annual shareholders' net profit expected to increase to approximately 11 million US dollars year-on-year.

CT ENTERPRISE (03839) announced that, according to preliminary information, the group expects to achieve a shareholders' comprehensive profit of approximately 11 million US dollars for the year ending December 31, 2024, compared to 2.6 million US dollars for the year ending December 31, 2023. The increase in profit is mainly due to the improved performance of the group's biochemical business, however, the group's industrial business is expected to decline due to intense competition.