On August 11, GLONGHWI (01312.HK) announced that compared to the same period last year, the Group recorded a comprehensive net loss of about HK$35.1 million (integrating the after-tax loss of about HK$67.5 million recorded by the Group's continued operations in the same period last year and the after-tax profit of about HK$32.4 million recorded in terminated operations)The Group expects to record a comprehensive net profit of around HK$17.1 million to HK$25.7 million in the six months ending June 30, 2023.
According to the Board of Directors, the Group's continued operating business performance turned profit during the period mainly due to (i) the Group's sales of subsidiaries recorded a one-time income of not less than HK$105.0 million; (ii) the revenue and gross profit of the Singapore fitness business increased with the cancellation of COVID-19 control measures; and (iii) the effectiveness of the cost control measures taken by the Group in its business operations.