The United Laboratories (03933) said its net proft for 2014 is expected to be not less than HK$620 million, while the net profit for 2013 was HK$48 million.
The company said the substantial increase in net profit is attributable to a number of factors, namely the overall gross profit improved due to decrease in production costs; a subsidy income of HK$390 million was received from the local government after cessation of the operations of the Chengdu plant; the construction of the new facilities in Inner Mongolia plant gradually completed and commenced production this year. The amount of interest capitalised was decreased in the year.
23/03/2015 17:16
United Lab (03933) issues positive profit alert
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