Summary by Futu AI
Unity GP Holdings International Limited ("Unity Group") released a positive profit forecast on June 19, 2024, expecting to record an adjusted net profit of no less than HKD 35 million for the fiscal year ending March 31, 2024, compared to an adjusted net loss of approximately HKD 64 million in the same period in 2023, indicating a significant improvement in performance. In addition, the company also expects an unadjusted net profit of no less than HKD 10 million. Unity Group pointed out that the performance growth is mainly driven by an increase in revenue of no less than 90%, and the expected repayment of credit losses on trade accounts receivable and financing lease receivables. The company emphasized that these data are based on a preliminary review of unaudited management accounts and reminded shareholders and potential investors to pay attention to the fact that the annual performance has not been finalized, and the related performance announcements are expected to be published by the end of June 2024.