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VINDA INT'L: Existing Wood Pulp Inventory May Still be Positive to GPM
VINDA INT'L (03331.HK) announced that its GPM came in at 37.4% in the interim period ended June, down 1.1 ppt yearly.
The CEO Li Jielin Karen disclosed that the GPM has already been maintained at a higher level during the period, as the company hoarded up inventory of wood pulp at low price to alleviate cost pressure.
She forecast the existing wood pulp inventory to still be positive to the future GPM, viewing the cost structure in the 2H21 to be foreseeable.
Related NewsVINDA INT'L (03331.HK) Half-yr Net Profit $967M, Up 6%; Interim Div $0.1
Source: AAStocks Financial News