Million Stars Holdings (08093) announced that the group expects to achieve a profit attributable to the shareholders of the company of approximately 13 million Hong Kong dollars to 18 million Hong Kong dollars for the year ending June 30, 2024, while in the same period of 2023, the company's shareholders suffered a loss of approximately 30 million Hong Kong dollars.
The announcement stated that the turnaround from loss to profit is mainly due to the group's improvement in crediting policies in the fiscal year 2024, actively negotiating repayment, allowing the expected crediting provisions to be reversed.
