Profit warning from Sinomax as tariffs, costs bite in 2018

摘要

Hong Kong - Sinomax has warned investors that post-tax profit may be down by 90% in 2018. Raw materials, tariffs and startup costs in the US hit performance. The company said unaudited figures show pre-tax profits are likely to be HK$27-28m ($3.4-3.6m), a fall of between 51% and 53%. After tax, the losses are magnified, and profit at this level could be between HK$3m and HK$5m.