KAM HING INT'L (02307) record a profit of approximately HK$26 million to HK$33 million for the year 2024.

KAM HING INT'L (02307) announced that compared to a net loss of approximately HK$134.8 million for the year ending December 31, 2023, the Group is expected to achieve a net profit ranging from approximately HK$26 million to HK$33 million for the year ending December 31, 2024. The Board of Directors believes that the momentum of turning losses into profits for the six months ending June 30, 2024 is mainly attributed to: increased sales volume; improvement in gross profit margin; reduced financing costs; and a one-time net gain of approximately HK$25.3 million from the sale of a subsidiary company.