Gelonghui October 27?1957 & CO. (08495.HK) noticeBased on the Board's preliminary assessment of the Group's unaudited consolidated management accounts for the nine months ended 30 September 2023 and the information currently available to the Group, the Group expects to record a net loss of approximately HK $8 million during the period under review, compared with a net loss of approximately HK $1 million for the same period in 2022.
The increase in net loss was mainly due to the decrease in subsidies received by the Group from the "Employment Protection" Scheme and the Catering premises (Social distance) subsidy Scheme received by the Hong Kong Government, resulting in a significant decrease in other income and income of approximately HK $11 million during the period under review.