09963.HK announced that it expects to generate a consolidated net profit of about HK $4.8 million to HK $5.2 million for the six months ended June 30, 2023, compared with a consolidated net loss of about HK $3.7 million over the same period last year.
The Directors are of the preliminary view that the expected consolidated net profit of the Group for the period is mainly due to the effect of the following net factors: (I) the reversal of the loss provision for accounts receivable under the expected credit loss pattern; and (ii) the reduced exchange loss due to exchange rate fluctuations between RMB, Thai baht, US dollar and Hong Kong dollar.