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Sinomax Group Projects Significant Profit Growth for FY2024
SINOMAX GROUP (01418.HK) announces a positive profit forecast: expected after-tax profit for the fiscal year 2024 to be no less than 0.16 billion Hong Kong dollars.
On February 13, Glonghui reported that SINOMAX GROUP (01418.HK) expects to achieve a net profit of not less than 0.16 billion Hong Kong dollars for the fiscal year 2024, while the net profit for the year ending December 31, 2023, was approximately 80.5 million Hong Kong dollars. This is mainly due to increased sales and the group implementing various cost-cutting measures (including improving production efficiency and reducing raw material costs) to save costs.
Express News | Sinomax Group - Expected Result Due to Increase in Sales as Well as Savings
Express News | Sinomax Group - Sees Profit After Taxation for FY2024 of Not Less Than HK$160 Mln
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