Gelonghui March 17th 丨Kuang Yi International (01683.HK) announced that compared to the net loss of HK$10.1 million recorded for the year ending December 31, 2020, the Group expects to record a net profit of no less than HK$6 million for the year ended 31 December 2021.

The Board believes that the Group's expected reversal from net loss to net profit is mainly due to increased revenue from construction and ancillary services and consumer products businesses, and a reduction in anticipated credit loss provisions.