Karrie International expects at least 35% profit growth in 2021
This was driven by the growing demand for cloud applications, and online businesses.
Manufacturing firm Karrie International Holdings is expecting to record at least a 35% increase in profit attributable to shareholders for the year ended 31 March 2021.
This is mainly attributed to the higher demand in cloud application, online business and high-performance computing that drove metal and plastic business.
The Group also linked this to the continuous optimization of its product mix and progress on highly automated production.
The Group also delivered and recognized units from the Phase 4 of Castfast Villas in Fenggang, Dongguan, Guangdong Province this year.
On top of this, Karri International was granted lump-sum subsidies and expense deduction by both the governments of Mainland China and Hong Kong.
The financial disclosure will be released next month, Karrie International noted.