On November 19, Gelonghui reported that extrawell phar (00858.HK) announced that for the six months ending September 30, 2024, the group is expected to record a profit between 0.1 billion and 0.105 billion Hong Kong dollars, compared to a loss for the six months ending September 30, 2023.
The turnaround from loss to profit during the period is mainly due to non-cash items, as gains were generated from the fair value changes of financial assets (namely the group's convertible bonds investments) measured at fair value, while in the corresponding period of 2023, the same non-cash items recorded losses from fair value changes.