Zhitong Financial APP, Jinsheng Group (Holdings) (00794) announced that the Group expects its income for the six months ended September 30, 2021 to increase by no less than 15% from about HK $543 million for the same period in 2020 and a net loss before tax of about HK $11 million for the six months ended September 30, 2021, compared with a net profit of about HK $44 million for the same period in 2020.
According to the information currently available to the board of directors, the decrease in net profit before tax is mainly due to, among other things, an increase in other operating expenses for the six months ended September 30, 2021, this is due to the one-time evacuation and relocation costs incurred by the Group's early termination of the lease agreement, while the one-time compensation received by the Group under the termination of the lease increases other income, which is partly offset by the one-time evacuation and relocation costs. The lease revised gain recognised in other gains and losses as a result of the termination of the lease is approximately HK $13 million, which has been recognised in the Group's financial results for the year ended 31 March 2021.