Gelonghui, March 8, 丨 Yunbai International (00030.HK) announced that the Group expects to record net profit attributable to shareholders of between HK$130 million and HK$150 million in the financial year ending 31 March 2023, while recording losses attributable to shareholders of HK$168.9 million for the fiscal year ending March 31, 2023.
This increase is mainly due to (i) the proceeds from the sale of one of the company's subsidiaries (taking into account other income, earnings and losses); (ii) a significant reduction in anticipated net credit loss provisions; and (iii) a significant increase in gross profit due to improvements in business operations.