Gelonghui March 22丨Guangli Technology (06036.HK) announced that, based on a preliminary review of the Group's unaudited comprehensive management accounts for the year ended December 31, 2023 and the information currently available to the board of directors, the Group expects to record a net loss of approximately HK$15 million to HK$20 million for the year ended December 31, 2022, an improvement of 38.3% to 53.7% compared with losses attributable to shareholders of approximately HK$32.4 million for the year ended December 31, 2022.
The decrease in losses was mainly due to an increase in the Group's gross profit due to improved sales performance in the second half of 2023, but was partially offset by increased financial costs, impairment losses on accounts receivable, and a decrease in the fair value of investment properties.