DL Holdings GP (01709) has announced that it expects to gain a surplus of not less than HKD 80 million for the fiscal year ending March 31, 2024...
According to the announcement by DL Holdings GP (01709), it expects to gain a surplus of not less than HKD 80 million for the fiscal year ending on March 31, 2024, while it has incurred a net loss of approximately HKD 49.2 million for the fiscal year ending on March 31, 2023.
According to the announcement, the main reasons for the turnaround from loss to profit are as follows: net losses from the sale of financial assets at fair value recognized in profit or loss in the previous fiscal year are one-time and non-recurring; the loss from the reportable segment of clothing product sales is reduced; the surplus from the business of multi-family office, investment management, and consulting services has increased significantly; the performance fee generated by providing financial consulting services has increased this fiscal year; the net fair value gain from financial assets recognized in profit or loss has increased this fiscal year; and fair value gain from the remaining 55% equity interest in Dlin Family Office (Hong Kong) Limited acquired through step acquisition is recognized this fiscal year.