Gelonghui November 24 | Qiantang Holdings (01466.HK) announced that the Group expects to record losses of about HK$2 million attributable to the company's equity holders for the six months ending September 30, 2023, while the profit attributable to the company's equity holders was about HK$10 million for the six months ending September 30, 2022.

According to the announcement, losses during this period were mainly due to a sharp decrease in revenue and gross profit due to a decrease in sales of pearl and jewellery products; an increase in administrative expenses; and a reduction in anticipated credit loss provisions for goods receivable.