KB LAMINATES (01888) delivers good news by expecting a year-on-year increase in net profit of over 43% to over HK$1.3 billion.

KB LAMINATES (01888) announced that the group expects to achieve a net profit of over 1.3 billion Hong Kong dollars for the year ending December 31, 2024, representing an increase of more than 43% compared to the same period in 2023. According to the announcement, KB LAMINATES saw a significant increase in net profit for the year ending December 31, 2024, mainly due to the growth in market demand and a noticeable rise in the sales of the group's products compared to the same period in 2023. The Board of Directors of KB LAMINATES believes that the increase in net profit is also attributed to the group's strong and comprehensive vertical integration business model.