Yihe Holdings (01662) announced that it is expected that the group will acquire company ownership in the six months ending September 30, 2023...
According to the Zhitong Finance App, Yihe Holdings (01662) announced that the group expects to obtain a profit of approximately HK$8 million to HK$11 million attributable to company owners in the six months ending September 30, 2023, compared with a profit of about HK$16.7 million attributable to company owners in the same period in 2022.
The Board believes that the reduction in profit attributable to company owners in mid-2023 is mainly due to the following factors: there was no subsidy from the Hong Kong Special Administrative Region Government in mid-2023, while in the corresponding period in 2022, it received subsidies of about HK$7.1 million under the “Anti-epidemic Fund” and the “Employment Protection Plan” due to the outbreak of the coronavirus disease (COVID-19); interest expenses on leasing liabilities related to cooperation agreements under China's property revitalization and upgrading business increased by about HK$4.2 million.