HP LIVING TECH (01682) Announces Expected Mid-term Net Profit of Approximately HK$3.78 Million, Turning Loss into Profit on a Year-on-Year Basis.

HP LIVING TECH (01682) announced that it is expected to achieve a net profit of approximately HK$3.78 million for the six months ending on September 30, 2024, representing a turnaround from an unaudited comprehensive loss of approximately HK$2.15 million for the same period in 2023. Based on current information, the turnaround is mainly attributed to (i) a gain of approximately HK$5.49 million from fair value changes of financial assets measured at fair value through profit or loss; and (ii) a decrease in administrative and operating expenses.