Gelonghui, March 20, 丨 Daoxiang Holdings (00573.HK) announced that according to a preliminary review of the Group's unaudited comprehensive management accounts for the year ended December 31, 2023, the Group expects to record profits attributable to the parent company owners of about HK$70 million to HK$80 million in the year, while the same period last year recorded a loss of HK$143 million attributable to owners of the parent company.
The main reasons are: (i) the Group's revenue increased by 20% to 30% over the period ended 31 December 2022; and (ii) implementing effective performance control measures, including but not limited to negotiating more favorable terms with owners and suppliers, adopting food cost controls and managing operating expenses.