Daoxiang Holdings (00573) announced that the Group expects to make a profit attributable to the owner of the parent company of about HK $30 million to HK $40 million in the six months ended June 30, 2023, compared with a loss of HK $101 million for the owner of the parent company in the same period last year.
This is mainly due to: the group's revenue increased by 40% to 50% compared with the period ended June 30, 2022; and the implementation of effective cost control measures, including, but not limited to, negotiating more favourable terms with owners and suppliers, adopting food cost control and managing operating expenses.