Shengnuo Group (01418) issued an announcement. The Group expects to obtain taxes for the year ending December 31, 2023...
According to the Zhitong Finance App, Shengnuo Group (01418) issued an announcement. The Group expects to earn profit after tax of not less than HK$80 million for the year ended 31 December 2023, while the after-tax loss for the year ended 31 December 2022 will be approximately HK$37.2 million. This is mainly due to the increase in sales and the expenses saved by the Group through various cost reduction measures, including: (1) improving production efficiency; (2) controlling labor costs more strictly; and (3) reducing raw material costs.