Somerley Cap (08439) announced that it expects to reduce its post-tax losses from approximately HKD 7 million in the year ending March 31, 2023, to approximately HKD 3.5 million in the year ending March 31, 2024. The announcement said that the improvement in financial performance is mainly due to an increase in revenue from enterprise financing consulting services, which has increased by about 10%, and this is due to the tireless efforts of the company team in executing and completing transactions for customers. Together with an increase in bank interest income of about HKD 1.1 million and a decrease in exchange losses of about HKD 0.6 million, these increases are partially offset by net increases in employee benefit costs of about HKD 3.4 million and impairment losses on trade receivables of about HKD 1.4 million.

The announcement stated that the improvement in financial performance was mainly due to an approximately 10% increase in revenue from enterprise financing consulting services. This is due to the tireless efforts of the company team in executing and completing transactions for customers on the exchange. In addition, bank interest income increased by approximately HKD 1.1 million while exchange losses decreased by approximately HKD 0.6 million. These increases were partly offset by net increases in employee benefit costs of approximately HKD 3.4 million and impairment losses on trade receivables of approximately HKD 1.4 million.