Sinomax Group (HKG:1418) expects a minimum profit of HK$160 million in 2024, higher than HK$80.5 million logged for 2023, a Thursday bourse filing said.
The mattress manufacturing company attributed the expected increase to a rise in sales and cost-cutting measures of the company during the reporting period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.