Gelonghui August 7?Renheng Industrial Holdings (03628.HK) announcementBased on the preliminary assessment of the Group's unaudited consolidated management accounts for the six months ended 30 June 2023, compared with the after-tax loss of approximately HK $2 million recorded for the six months ended 30 June 2022 ("the same period last year"), the Group is expected to record an after-tax profit of approximately HK $600000 to approximately HK $1 million during the relevant period.
The Board is of the view that the increase in the above expected profit is mainly due to an increase in revenue, which is offset by an increase in sales and distribution expenses and administrative expenses. The expected increase in the group's revenue is due to the fact that the group's revenue from the contract for the construction of tobacco flavor and flavor blending and flavoring machinery is expected to increase by not less than 70% over the same period last year, mainly due to the lifting of travel restrictions. to enable the above products to complete installation and acceptance and other related procedures.