According to Zhitong Financial App, Extraordinary Leading (00933) announced its 2023 interim results, with revenue of about HK$5.444 billion, up 620.9% year on year; gross profit of about HK$2,491 million, up 890.7% year on year; profit attributable to equity holders of about HK$132 million, and loss of HK$31.71 million for the same period last year.

According to the announcement, comprehensive revenue and gross profit were much higher than the same period last year, mainly due to the completion of the acquisition of footwear brand Clarks in early July 2022, and since then its revenue and performance have been consolidated into the Group.

The main reason for turning a loss into profit is that, according to the facts and circumstances after Hong Kong Stock Exchange Limited was transferred from GEM to the main board listing, the Group no longer adopted the provisions on delayed reporting contained in Hong Kong Accounting Standard No. 28. This provision was permitted to be included in the accounts of the associated companies based on the accounts of the associated companies with different settlement dates (but the gap must not exceed three months); since July 2022, Clark Group's earnings and performance have been consolidated into the Group; and losses of several brands under the Group's multi-brand footwear business division have been reduced.