Star Group (01941) announced that it is expected that the total net profit of the Group for the six months ended June 30, 2023 will be between 11 million yuan and 12 million yuan, an increase of about 17.0% to 27.7% over the same period last year.
The expected increase is mainly due to a significant reduction in the impairment loss on the amount receivable by customs related parties during the reporting period.