On June 13th, Gelonghui reported that Kpa-bm Hldgs (02663.HK) is expected to record a comprehensive after-tax profit of not less than HK$45 million, an increase of more than 20% from last year's HK$37,147,000, for the fiscal year ending on March 31, 2024.

The company believes that the main factors that led to the increase in profits this year are the accelerated progress of projects and the increase in revenue from new contracts and changes to orders for existing projects undertaken by the group.