Simplicity Holdings (08367) announced that the Group is expected to achieve a profit of approximately HKD 82 million for the year ending on March 31, 2024, and a loss of approximately HKD 34.6 million for the year ending on March 31, 2023 based on available information. The expected profit is mainly due to: 1. increase in revenue from aircraft engine rack maintenance and maintenance services, and 2. reclassification of financial liabilities measured at fair value into equity for gain recognition.
According to the announcement released by Simplcity Holdings (08367), the Group is expected to achieve a profit of approximately HKD 8.2 million for the year ending on March 31, 2024 and incurred a loss of approximately HKD 34.6 million for the year ending on March 31, 2023. The expected profit is mainly due to: 1) increase in revenue from aircraft engine rack maintenance and maintenance services, and 2) reclassification of financial liabilities measured at fair value into equity for gain recognition.