Pico Far East (00752.HK) expects a year-on-year increase of 80% to 90% in net profit for the six months ending April 30th. The main reason is that the group sold the equity of a joint venture company during the period, recording a gain of about 72 million yuan; and the group's income increased by 15% to 20% year-on-year during the period.

The annual net profit as of the end of April 2023 was 101 million yuan.