Summary by Moomoo AI
The Whiley Group Limited (the “Whiley Group”) issued a positive earnings forecast on January 11, 2024, with the expectation that owner-occupied consolidated profit for the year ended December 31, 2023 will increase significantly to approximately HK$2,300 million, compared to a net loss of HK$5.44 million, achieved from a loss profit of HK$5.44 million for the same period in 2022. This gain was mainly due to the increase in the net fair value income of the Group's investment projects from HK$3.43 million from a loss of HK$3.43 million last year and a significant decrease in the net foreign exchange loss. The operating loss is also expected to decrease from HK$6.9 million in 2022 to about HK$3,500 million. The Wheely Group notes that these data are based on a preliminary review of the unaudited consolidated financial statements and final results will be published after review and auditor review. The Board of Directors reminds shareholders and prospective investors to exercise caution when trading shares.