Zhitong Financial App News, Fuyi International Holdings (01470) issued an announcement that the group is expected to make a profit of about HK $3.6 million for the six months ended October 31, 2022, and a loss of about HK $3.2 million for the six months ended October 31, 2021. The expected profit is mainly attributable to the combined impact of a decrease in core operating expenses of the Group's watch retail business in Hong Kong as a result of the reduction of its retail network through the closure of certain underperforming shops; a decrease in non-cash expenses such as depreciation of right-to-use assets and depreciation of property, plant and equipment; and an increase in gross profit from the Group's trading business, offsetting the decrease in gross profit from the Group's watch retail business.
富一国际控股(01470)发盈喜，预期中期股东应占溢利约360万港元 同比扭亏为盈
Fuyi International Holdings (01470) made a good profit. It is expected that mid-term shareholders should account for about HK$3.6 million in profit from a year-on-year loss to a profit
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