Sinomax Group Ltd. Issues Profit Warning, Anticipates Significant Drop in Earnings for First Half of 2025
Reuters
Aug 04
<a href="https://laohu8.com/S/SOMXF">Sinomax Group Ltd.</a> Issues Profit Warning, Anticipates Significant Drop in Earnings for First Half of 2025
Sinomax Group Limited has issued a profit warning, indicating that the company expects to report a profit of not less than HK$30.0 million for the six-month period ending 30 June 2025. This figure reflects a significant decrease from the approximately HK$74.2 million profit recorded in the same period of the previous year. The decline in profitability is primarily attributed to a decrease in revenue. The company is actively monitoring market demand and plans to reallocate resources to explore higher growth potential business opportunities. Sinomax also intends to implement cost-cutting measures in areas such as production and logistics. The financial results for this period are still being finalized and have not yet been audited or reviewed by the company's auditors or audit committee. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares and to review the interim results announcement expected by the end of August 2025.
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