On November 18, Ge Longhui | EPS Chuangjian Technology (03860.HK) announced that the Group expects to record an unaudited net profit of about HK$16 million for the six months ending September 30, 2024, while the net unaudited loss for the six months ending September 30, 2023 is approximately HK$8.7 million.
According to the announcement, the above anticipated improvements are mainly due to (i) fair value earnings on acceptance notes generated by non-controlling interests; (ii) increased profits in the health products business; and (iii) reduction in the Group's administrative expenses and R&D expenses due to the implementation of cost reduction and efficiency measures.
