Sinomax Group Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended 30 June 2023. For the period, the group expects to record a profit of not less than HKD 20 million as compared to a loss of approximately HKD 44.9 million for the six months ended 30 June 2022. The expected turnaround was primarily attributable to various cost cutting measures adopted by the Group including: improvement on production efficiency; more stringent control on cost of labour; and reduction of cost of raw materials.