Gelonghui, March 17, 丨 Huilong Holdings (08021.HK) announced that for the nine months ending January 31, 2023, the company's revenue was approximately HK$116 million, a decrease of about 24.4% over the same period in 2022. Net losses attributable to company holders from continuing operations were approximately HK$37.9 million (same period 2022: net profit attributable to company owners from continuing operations was approximately HK$27.2 million).

The decrease in revenue was mainly due to a decrease in contract revenue from providing scaffolding, finishing and other ancillary services for construction and construction projects and a decrease in revenue from the loan business during the reporting period.