Gelonghui August 24?00764.HK announced that the loss attributable to owners is expected to decrease by approximately 19% to 26% for the six months ended June 30, 2023, compared with a loss of HK $66.23 million for the same period in 2022.
The announcement said that the decrease was mainly due to (I) lower losses on changes in the fair value of financial assets included in the income statement at fair value, (ii) recognition of financing income receivable from financial leases, and (iii) recognition of gains from the sale of residential serviced apartments, but partly due to (I) impairment losses on associates' interests, increased administrative expenses (ii), and increased losses attributable to associates (iii). And (iv) the increase in financing costs.