On August 28th, top form int'l (00333.HK) announced that as of the year ended June 30, 2024 ("this year"), the group is expected to record a net profit close to breakeven for this year, while a net loss of 78.5 million Hong Kong dollars was recorded for the year ended June 30, 2023 ("the 2023 fiscal year").
The board of directors believes that the group's expected profit for this year is mainly due to (i) the increased demand of major customers resulting in higher sales revenue; and (ii) the improvement of this year's gross margin due to a product mix with higher profit margins, a streamlined production network and production efficiency improvements, and strict cost control measures.