CHINA PIPE (00380) Announces Profit Surges, Expected Significant Increase in Annual Profit Attributable to Shareholders.

China Pipe (00380) announced that the Group expects a significant increase in the attributable profit to equity holders of the Company for the financial year ending on December 31, 2024, ranging from approximately 84 million to 89 million Hong Kong dollars, compared to the audited profit of approximately 58.4 million Hong Kong dollars for the same period last year. This expected increase in profit is mainly due to increased revenue, improved product portfolio, and more cost-effective procurement practices.