Gelonghui, September 12.Huilong holding (08021.HK) announcementThe Group expects to record a profit of approximately HK $4.6 million for the three months ended 31 July 2023 and a loss of approximately HK $5.8 million for the three months ended 31 July 2022.
The Board is of the view that the improvement in the Group's performance is mainly due to: (I) a decrease in the fair value loss of financial assets at fair value to profit or loss by approximately HK $1.1 million for the three months ended July 31, 2023 compared with the same period in 2022; and (ii) a decrease of approximately HK $5.6 million in write-off accounts receivable And (iii) approximately HK $300000 (31 July 2022: loss of fair value approximately HK $2.9 million) from the sale of financial assets at fair value to profit or loss.
The company is still implementing the group's consolidated first-quarter results for the three months ended July 31, 2023.