November 1, 2011Junko Holdings (08035.HK) announcementCompared with a profit attributable to the owners of the company for the nine months ended 30 September 2022 of approximately HK $7.1 million, the Group expects to record a loss attributable to the owners of the company of approximately HK $13 million to approximately HK $13.5 million for the nine months ended 30 September 2023.
The loss attributable to the owners of the company is mainly due to (I) the slower-than-expected recovery of freight volume due to the COVID-19 epidemic and the economic recession, resulting in a decrease in freight volume and revenue from air and maritime agency services; (ii) a decrease in gross profit margin and a decrease in gross profit margin for logistics and warehousing services; (iii) a decrease in the gross margin of e-commerce performance services as a result of a decrease in the number of orders from some major customers; and (iv) a loss on the surrender of life insurance policies. And (v) the increase in bank borrowing rates resulted in higher financing costs and increased interest expenses on loans from major shareholders, which did not occur during the nine months ended 30 September 2022.