Quanta Electric Group Holdings (01750) announced that compared with a net loss of approximately HK $4.8 million for the six months ended June 30, 2022, the Group expects to make a net profit of not less than HK $500000 for the six months ended June 30, 2023.
The announcement said that the above turnaround is mainly due to the strengthening of production cost control and savings in sales and distribution costs, as well as an increase in gross profit margin.