SINOMAX GROUP Issues Profit Warning, Anticipates 2025 Profit Attributable to Shareholders to Drop to at Least HK$55 Million
Stock News
Feb 13
SINOMAX GROUP (01418) announced that the Group expects to achieve a profit after tax of not less than HK$80 million for the 2025 financial year. This compares to a profit after tax of approximately HK$162.6 million for the year ended December 31, 2024. The Group anticipates a profit attributable to shareholders for the 2025 financial year of not less than HK$55 million. For the year ended December 31, 2024, the profit attributable to shareholders was approximately HK$138 million. This decrease is primarily attributable to (i) the imposition and ongoing effect of tariffs on products exported to the United States, and (ii) negative impacts on the Group's overall financial performance from foreign exchange rate fluctuations during the year.
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