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An announcement from Sinomax Group Ltd. ( (HK:1418) ) is now available.
Sinomax Group Limited has issued a positive profit alert, announcing that it expects to record a profit after taxation for the fiscal year 2024 of not less than HK$160 million, a significant increase from approximately HK$80.5 million in 2023. This growth is mainly attributed to increased sales and cost-cutting measures, including improvements in production efficiency and reduced raw material costs, highlighting the company’s strengthening financial performance.
More about Sinomax Group Ltd.
Sinomax Group Ltd. is a company incorporated in the Cayman Islands, primarily involved in the production and sale of various products. The company focuses on enhancing production efficiency and reducing costs, particularly in raw materials, to improve its market positioning.
YTD Price Performance: 14.00%
Average Trading Volume: 178,472
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$498.8M
For detailed information about 1418 stock, go to TipRanks’ Stock Analysis page.