Wine's Link International Holdings Limited (08509) said for the year ended 31 March 2019, the group is expected to record a substantial increase in its net profit by over 100% as compared with its financial results for the corresponding period in the preceding year.
The increase was mainly due to (i) the increase in gross profit margin on the sales of certain highly sought-after premium collectible red wine; and the foreign exchange gain arising from the foreign currency fluctuations in respect of the foreign currency denominated trust receipt loans for the settlement of wine product purchased from the overseas suppliers mainly as a result of depreciation of Euro and GBP.
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