According to the Zhitong Finance App, Aoda Holdings (09929) announced that it is expected that the Group will earn a net profit of about 4.5 million MOP for the six months ending June 30, 2023. Compared with the six months ending June 30, 2022, it has a net loss of about MOP 1.4 million.

According to the announcement, the anticipated turning of losses into profit is mainly due to an increase in the Group's gross margin for the six months ended June 30, 2023 compared to the six months ended June 30, 2022; and due to the recovery of long-outstanding trade accounts receivable, impairment losses under the expected credit loss model were recovered.