Yongli Investment (01145) issued an announcement, according to the Group for the year ended December 31, 2023 (202...
According to Zhitong Finance App News, Yongli Investment (01145) issued an announcement. According to a preliminary review of the Group's unaudited management accounts for the year ended December 31, 2023 (fiscal year 2023), compared to the profit of approximately US$1.1 million obtained for the year ended December 31, 2022 (fiscal year 2022), the Group expects to obtain a loss attributable to the company owner of not more than US$4.5 million in fiscal year 2023. The Group's performance turned into a profit loss mainly due to the combined impact of the profit contribution of the Group's shipping business reduced to approximately US$2.2 million (FY2022: US$5.4 million); loss from sale of a subsidiary company of approximately US$2.1 million (FY2022: none); reduction in credit loss provisions for debt instruments that include full income at fair value to approximately US$1.1 million (FY2022: US$1.4 million); and an increase in impairment losses recognized on ships to approximately US$1 million (FY2022: US$800,000).