On November 19, GLONGHUI Enterprise (08347.HK) announced that the Group is expected to record a net profit of about HK$1.5 million to HK$2.5 million in the second quarter of 2024, while a net loss of about HK$2.4 million for the six months ended September 30, 2023.
According to the information currently available to the Board, the Board believes that the Group's net profit was mainly due to (i) an increase in diesel sales and transportation business in the second quarter of 2024; (ii) an increase in other revenue and other profit and loss in the second quarter of 2024; and (iii) a decrease in other operating expenses in the second quarter of 2024.