On November 22, Gelonghui announced that CHI HO DEV (08423.HK) expects to record a consolidated net profit of between 8 million and 10 million HKD for the six months ending September 30, 2024, compared to a consolidated net profit of approximately 6.1 million HKD for the six months ending September 30, 2023.
The expected increase in consolidated net profit for the six months ending September 30, 2024, is mainly due to the increase in revenues from mixed projects and newly constructed infrastructure, resulting in increases in total revenue and gross profit. This impact is partially offset by the expected increase in net impairment losses under the expected credit loss model.
