On November 13, Glodon announced that wine's link (08509.HK) revealed, based on the preliminary review of the group's unaudited financial information for the six months ending September 30, 2024, that compared to a profit of approximately 3.7 million Hong Kong dollars during the same period last year, the group is expected to record a profit of no less than approximately 11 million Hong Kong dollars during this period.
The board of directors believes that the increase in profit during the above period is mainly due to (i) an increase in group revenue; (ii) the continued implementation of cost reduction and efficiency enhancement measures during the period, resulting in a decrease in the group's administrative expenses; and (iii) the comprehensive effect of an increase in the group's income tax expenses being offset.