According to the Zhitong Finance App, Baiyue Group (08545) issued an announcement. It is anticipated that the Group may obtain losses attributable to company owners of no more than HK$1 million during the period ending September 30, 2023, compared to losses of about HK$3.6 million in the same period last year.

According to the announcement, the decline in losses during this period was mainly due to an increase of about 14.8% in revenue from the distribution of imported toys; the newly acquired wholly owned subsidiary contributed to the revenue from agency services related to the project at a significantly lower cost.