Starlite Holdings (00403) said it expects to record a significant increase in profit for the year ended 31 March 2016 as compared to that for the previous financial year.
Such expected increase in profit is mainly attributable to deepening of lean management by the Group's southern China operation which resulted in a significant reduction in the Group's labor costs; contribution of automation and intelligent robot systems to the Group's cost efficiency; and steady price of raw materials and lower cost of utilities which contributed to the Group's profit margin.
Its final results announcement is expected to be published by the end of June.
03/05/2016 17:27
Starlite (00403) sees significant rise in annual profit
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