Sterling Group Holdings (HKG:1825) expects a net profit of about HK$3 million for the six months ended Sept. 30, compared with a net loss of HK$8 million in the corresponding period of the previous year, according to a Tuesday filing with the Hong Kong bourse.
The company attributed the upbeat forecast to the decreased credit loss on trade receivables of HK$9.9 million and higher gross profit margin due to better cost control and increased manufacturing efficiency during the period.
The apparel products manufacturer and trader plans to publish its interim results by the end of November.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.