Sinomax Group Ltd. (HK:1418) has released an update.
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Sinomax Group Ltd. has issued a positive profit alert, anticipating a profit of no less than HK$70 million for the first half of 2024, a significant increase from the HK$22 million recorded in the same period the previous year. This substantial rise in profits is attributed to heightened sales figures and the implementation of cost-saving measures, including enhanced production efficiency and lower raw material costs. Investors are advised to await the publication of the full interim results by the end of August 2024 before making any investment decisions.
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