According to the Zhitong Finance App, Chia Tai Enterprise International (03839) announced that the Group expects to obtain a comprehensive profit of about 2.2 million US dollars due to unaudited shareholders in the 6 months ending June 30, 2023 (first half of 2023), compared to a loss of 5 million US dollars in the 6 months ending June 30, 2022 (first half of 2022).
The change from loss to profit is mainly due to improved performance in the Group's industrial business. The profit forecast that should account for the joint venture ECI Metro Investment Co., Ltd. will shift from a loss of 5.3 million US dollars in the first half of 2022 to a profit of about 2.6 million US dollars in the first half of 2023. However, the Group remains cautious about its performance in the second half of 2023.