Q P GROUP (01412.HK) issued a profit warning, expecting that the net profit for the year ending last December will be between approximately HKD 115 million and HKD 135 million, compared to HKD 80.1 million in the same period last year.

The company stated that the improvement in performance was mainly due to increased website sales and the demand from major customers of original equipment manufacturers for board game products and greeting card products, which drove an increase in original equipment manufacturer sales, resulting in better economies of scale, as well as continuous improvements in operational and production efficiency, although some of this was offset by increased administrative expenses