KAM HING INT'L issued a profit warning, expecting a net profit of approximately HKD 26 million to HKD 33 million for the fiscal year 2024
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KAM HING INT'L expects a net profit of approximately HKD 26 million to HKD 33 million for the fiscal year 2024, a significant improvement compared to a net loss of approximately HKD 134.8 million in 2023. The board pointed out that the reasons for the turnaround from loss to profit include increased sales volume, improved gross margin, reduced financing costs, and a one-time gain of approximately HKD 25.3 million from the sale of subsidiaries
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