FAR INTL (02516.HK): Expects H1 Revenue Up 61%-110% and Turnaround or Narrower Loss

NewTimeSpace News: On 21 August 2026, FAR International Holdings Group Company Limited (stock code: 02516) issued a positive profit alert, expecting revenue of approximately RMB 1.3 billion to RMB 1.7 billion for the first half of 2026, up approximately 61% to 110% from approximately RMB 0.8 billion in the prior-year period, mainly driven by higher freight forwarding service revenue from the acquisition of a US subsidiary and increased business volumes from key customers.

According to the announcement, the results attributable to owners of the Company for the period are expected to range from a profit of no more than RMB 15.0 million to a loss of no more than RMB 5.0 million, versus a loss of approximately RMB 14.0 million in the prior-year period. The turnaround (or reduced loss) is mainly attributed to higher revenue and lower impairment losses on trade and other receivables and goodwill, partly offset by a lower gross margin as the share of revenue from freight forwarding services, which typically carries lower margins, increased. The interim results announcement is expected to be published on 26 August 2026.

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