According to the Zhitong Finance App, Ronghui Holdings (08213) announced that the group expects to obtain losses due to company owners of HK$10 million to HK$15 million for the year ending March 31, 2023, while losses attributable to company owners were obtained in the same period last year of about HK$19.8 million, or a decrease of about 24% to 49%.

The decrease in losses during the reporting period was mainly due to an increase in other income, as the Group received a total salary subsidy of about HK$5.6 million under the Employment Protection Scheme introduced by the Hong Kong Special Administrative Region Government for its business activities in Hong Kong during the reporting period. In addition, the HKSAR Government launched a licensed food sector funding scheme under the Anti-epidemic Fund to provide financial relief to the food industry directly affected by social distance measures. As a result, the Group received a total one-time subsidy of HK$400,000 in operation as an eligible holder of ordinary restaurant licences in operation, which was recorded as other income. No relevant subsidies were obtained in the same period last year.