Gelonghui announced on November 15th that hp living tech (01682.HK) expects to record a net profit of approximately 3.78 million Hong Kong dollars for the six months ending on September 30, 2024, representing a turnaround from an unaudited consolidated loss of approximately 2.15 million Hong Kong dollars in the same period of 2023.
The turnaround to profitability is mainly attributed to (i) gains of approximately 5.49 million Hong Kong dollars from the fair value changes of financial assets measured at fair value through profit or loss; and (ii) a reduction in administrative and operating expenses.
