"Profit Alert" FOUNTAIN SET turns losses into profits, forecasting a half-year profit of 30.7 million yuan

FOUNTAIN SET (00420.HK) issued a profit warning, expecting to record a profit attributable to company owners of HKD 30.7 million for the six months ending in June, compared to a loss of HKD 9.9 million in the same period last year, achieving a turnaround. This is mainly due to the synergy between procurement and sales, which improved overall business gross margin and profit contribution; strengthened cost control, which reduced production costs; and enhanced management and control, leading to further declines in transportation and labor costs