SINOMAX GROUP (01418) is pleased to announce that it is expected that its annual net profit after tax will increase by not less than HK$160 million compared to the previous year.

SINOMAX GROUP (01418) announced that the Group is expecting a post-tax profit of not less than HK$160 million for the year ending 31 December 2024, while the post-tax profit for the year ending 31 December 2023 was approximately HK$80.5 million. This is mainly due to an increase in sales and cost-saving measures taken by the Group (including enhancing production efficiency and reducing raw material costs).