On March 19, GLONGHUI | Walnut Capital (00905.HK) announced that the Group expects that the year ending December 31, 2024 (“2024”) will record a profit attributable to the company owner of no more than HK$1 million, while the 2023 fiscal year will record a loss attributable to the company owner of about HK$25.3 million.
According to the announcement, a loss of about HK$12 million was mainly due to changes in the fair value of financial assets recorded at fair value through profit and loss accounts in 2023, while changes in the fair value of financial assets recorded at fair value through profit and loss accounts in 2024 generated revenue, which was partially offset by increases in administrative expenses and other operating expenses in 2024.
