On November 8, GLH.HERALD HOLD (00114.HK) announced that the group expects the attributable net profit of shareholders for the six months ended September 30, 2024 to be in the range of HK$25 million to HK$30 million (for the six months ended September 30, 2023: HK$8.2 million). This change mainly comes from the net realized and unrealized gains of trading securities of approximately HK$10 million (for the six months ended September 30, 2023: the net realized and unrealized losses of trading securities were HK$4.8 million), as well as cost savings achieved through effective control measures.
Despite achieving promising performance in the first half of this fiscal year, the management is very concerned about the group's performance in the second half of this fiscal year. This cautious attitude is due to the ongoing uncertainty and pressure caused by the geopolitical tensions, as well as intensified industry price competition.
