Million Stars (08093) announces profit increase, with expected annual net profits attributable to shareholders of approximately HK$13 million to HK$18 million, turning around from a loss compared to the previous year.

MILLION STARS (08093) announced that the group is expecting to achieve a net profit attributable to company shareholders of approximately HK$13 million to HK$18 million for the year ending June 30, 2024, compared to a net loss attributable to company shareholders of approximately HK$30 million in the same period of 2023. The announcement stated that the turnaround from loss to profit is mainly due to the group's improvement in credit policies and active negotiation for the recovery of outstanding amounts, leading to the reversal of expected credit provisions in the financial year 2024.