Blue River Holdings (00498) announced that it expects the group to obtain shareholder ownership for the six months ending September 30, 2023...
According to the Zhitong Finance App, Blue River Holdings (00498) announced that the group expects to obtain losses attributable to shareholders of approximately HK$80 million in the six months ending September 30, 2023, compared to losses attributable to shareholders of about HK$170 million compared to losses attributable to shareholders in the same period in 2022.
According to the announcement, the reduction in anticipated losses for this period is mainly due to the net impact of the following: After the sale of loss-making business in the year ended March 31, 2023, there were no losses from discontinued operations during the period. The discontinued engineering business and the Chinese property business obtained losses attributable to shareholders of about HK$126 million in the same period in 2022; the performance of shared companies was converted from profit of about HK$25 million in the same period in 2022 to losses of about HK$36 million; and impairment losses on financial assets during the period were returned to about HK$24 million, while impairment losses confirmed in the same period in 2022 returned about HK$1 million.