According to the Zhitong Finance App, Peiran Environmental (08320) announced that despite the increase in earnings, the Group is expected to obtain losses due to company owners of approximately HK$2.8 million in the nine months ending December 31, 2022, and profit attributable to company owners of approximately HK$300,000 in the nine months ending December 31, 2021.
According to the announcement, the shift from profit to loss is mainly due to increased employee costs and other direct costs in order to retain talent.