Gelonghui Group (00513.HK) announced on February 19, that the company expects to record a loss of no less than HK$35 million for the six months ending December 31, 2023, compared to a loss of approximately HK$7.6 million for the same period last year.
The expected increase in loss is mainly due to (i) a decrease of approximately 26% in earnings compared to the same period last year and (ii) an increase in financial costs of approximately HK$9 million.