Zhitong Financial App News, Huilong Holdings (08021) announced that the Group expects to make a loss of not less than HK $100 million for the year ended April 30, 2023, and a loss of about HK $12 million for the year ended April 30, 2022.
The Board is of the view that the increase in loss is mainly due to an increase in net impairment loss on loans and interest receivable due to expected credit losses for the year ended 30 April 2023 compared with the previous year; a decrease in income from the disposal of subsidiaries; and impairment losses on property, plant and equipment and right-to-use assets.