TK Group (Holdings) (HKG:2283) expects an increase in profit attributable to the owners of about 20% for 2024 from the previous year, according to a Thursday filing with the Hong Kong bourse.

The company attributed the anticipated profit growth to the rebound in overseas businesses, an over 20% growth in plastic components revenue, particularly for mobile devices, as well as improved operational efficiency.

The plastic manufacturer plans to publish its annual results by the end of March.

The company's shares were down almost 3% in the recent trading.