On November 20, Gelonghui, China and Hong Kong Photo (01123.HK) announced that for the six months ended September 30, 2023, the Group expects the net profit attributable to shareholders to be between HK$27 million and HK$32 million, while the net profit attributable to shareholders for the same period last year was approximately HK$12 million.
The board of directors believes that compared with the same period last year, the increase in profit during this period was mainly due to the improvement in sales and gross profit of the Group's photographic products and printing and video services segments. However, this increase was partly offset by non-recurring government subsidies granted by the Hong Kong Special Administrative Region Government in the same period last year.