According to Zhitong Financial App, Changying Group (Holdings) (00689) announced that compared to the loss of about HK$24 million in the six months ended June 30, 2022 (first half of 2022), the Group expects to obtain profits attributable to company owners of not less than HK$15 million in the first half of 2023.
According to the announcement, the Group's performance turned a loss into a profit of about HK$10 million (first half of 2022: expected credit loss provision of HK$2 million); expected credit loss provisions through other debt instruments with full income recorded at fair value were reduced to about HK$4 million (first half of 2022: HK$14 million); the profit contribution of the petroleum exploration and production business was about HK$8 million (first half of 2022: loss of HK$400,000); and due to the absence of professional expenses for the acquisition of Canadian Petroleum Group assets, other The combined impact of reducing costs to around HK$4 million (first half of 2022: HK$9 million).