Hong Kong – Sinomax, a listed flexible foam company with operations in the US, Vietnam and mainland China, said it expects first half profits to be about HK$10 ($1.3m). This compares to a loss of HK$34m in the same period last year.
In a trading statement, the company said: 'The expected turnaround was primarily attributable to the recovery of the group's business activities, and the rebounding of sales to a level comparable with that before the coronavirus outbreak.'
The company plans to publish its full half year figures by the end of August.
Currency Exchange: XE.com