According to the Zhitong Finance App, Xinke Technology (01063) issued an announcement. It is expected that the Group will make a profit of about HK$40 million for the year ended 31 December 2023, compared to a loss of about HK$57 million for the year ended 31 December 2022.
According to the announcement, the profit was mainly due to the expected credit loss provision of about HK$18 million; and the proceeds from the sale of subsidiaries of about HK$29 million.