Hong Kong Chaoshang Group (02322) announced that the Group expects net profit of between HK$2 million to HK$5 million in the six months ending September 30, 2023, while the Group will lose approximately HK$15.7 million in the same period in 2022.
According to the announcement, turning a loss into a profit was mainly due to confirmed earnings of about HK$32.8 million in fair value changes in the fair value of trading investments during the period.