According to the Zhitong Finance App, Hualian International (00969) announced that it is expected that the Group will make a net loss of about HK$15 million in the six months ending June 30, 2023 (reporting period), while in the six months ending June 30, 2022 (previous period), it will achieve a net loss of about HK$1 million.

The Group's net loss for the reporting period is expected to increase by about HK$14 million compared to the previous period, mainly due to the following factors: financial costs increased by HK$31 million, mainly due to the depreciation of the subsidiary's functional currency against the US dollar during the period, leading to an increase in unrealized foreign exchange losses of HK$29 million; gross profit increased by about HK$16 million, and gross margin increased by about 19% due to an increase in average sales prices of sugar and molasses during the period; and a reduction in export sales during the period led to a reduction in freight costs of HK$1 million, and administrative expenses decreased by HK$1 million as a result.