On November 25, Gelonghui reported that blue river hldg (00498.HK) expects to record a shareholder attributable loss of approximately 0.123 billion HKD for the six months ending September 30, 2024, compared to a shareholder attributable loss of approximately 82 million HKD for the same period in 2023.
The increase in expected losses during this period is mainly due to the net effects of the following items: (a) the share of losses from associates increased from approximately 36 million HKD in the same period of 2023 to approximately 76 million HKD in this period; (b) administrative expenses decreased from approximately 55 million HKD in the same period of 2023 to approximately 24 million HKD in this period; and (c) a reversal of impairment losses on receivables from prior subsidiaries of approximately 24 million HKD in the same period of 2023 (none for this period).
