Anlifang Holdings (01388) announced that the Group is expected to make a net profit of approximately HK $5 million for the six months ended June 30, 2023, which is about HK $1.116 million compared with the same period in 2022, a more than three-fold increase due to the low base effect.
According to the announcement, the expected increase in the group's net profit in the medium term is mainly due to a reduction in other expenses, especially the reversal of the impairment of the group's previously recognized right-to-use assets and the group's recognition of tax credits.